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of <h1>Interest from Sovereign Gold Bonds Series III taxable; redemption exempt from capital gains tax; indexation benefits apply to transfers.</h1> The interest earned from the Sovereign Gold Bond Scheme 2022-23, starting from Series III, is subject to taxation under the Income-tax Act, 1961. However, individuals are exempt from capital gains tax upon redemption of these bonds. Additionally, long-term capital gains from transferring the bonds are eligible for indexation benefits, applicable to any person.
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