Taxation of Sovereign Gold Bonds: interest taxable while redemption capital gains exempt; indexation allowed on transfers. Interest on Sovereign Gold Bonds is taxable, but capital gains on redemption by an individual are exempt. For transfers of bonds, long-term capital gains qualify for indexation benefits when computing tax.
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Provisions expressly mentioned in the judgment/order text.
Taxation of Sovereign Gold Bonds: interest taxable while redemption capital gains exempt; indexation allowed on transfers.
Interest on Sovereign Gold Bonds is taxable, but capital gains on redemption by an individual are exempt. For transfers of bonds, long-term capital gains qualify for indexation benefits when computing tax.
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