Tax treatment of sovereign gold bonds: interest taxable; redemption gains exempt for individuals, indexation available on transfer. Interest on Sovereign Gold Bonds is taxable under income-tax law. Capital gains on redemption to an individual are exempt, and long-term capital gains on transfer of the bond are eligible for indexation benefits.
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Provisions expressly mentioned in the judgment/order text.
Tax treatment of sovereign gold bonds: interest taxable; redemption gains exempt for individuals, indexation available on transfer.
Interest on Sovereign Gold Bonds is taxable under income-tax law. Capital gains on redemption to an individual are exempt, and long-term capital gains on transfer of the bond are eligible for indexation benefits.
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