Sovereign Gold Bonds redemption exempt if purchased at issue and held to maturity from April 2026. The amendment substitutes clause (x) of section 70(1) so that redemption of Sovereign Gold Bond is not treated as a transfer only where an individual subscribed at the original issue and held the bond continuously until redemption at maturity, and the exemption applies uniformly to all Sovereign Gold Bond schemes; the amendment takes effect from 1 April 2026.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Sovereign Gold Bonds redemption exempt if purchased at issue and held to maturity from April 2026.
The amendment substitutes clause (x) of section 70(1) so that redemption of Sovereign Gold Bond is not treated as a transfer only where an individual subscribed at the original issue and held the bond continuously until redemption at maturity, and the exemption applies uniformly to all Sovereign Gold Bond schemes; the amendment takes effect from 1 April 2026.
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