Sovereign Gold Bond redemption is not treated as transfer for capital gains when held by an individual till maturity. Transfer by way of redemption of Sovereign Gold Bonds issued by the Reserve Bank of India is not regarded as a transfer for capital gains purposes when held by an individual from original issue till maturity. The rule applies to bonds issued under the Sovereign Gold Bond Scheme, 2015 and any subsequent Sovereign Gold Bond Scheme, treating redemption as outside the scope of transfer under the capital gains exclusion.
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 Bond redemption is not treated as transfer for capital gains when held by an individual till maturity.
Transfer by way of redemption of Sovereign Gold Bonds issued by the Reserve Bank of India is not regarded as a transfer for capital gains purposes when held by an individual from original issue till maturity. The rule applies to bonds issued under the Sovereign Gold Bond Scheme, 2015 and any subsequent Sovereign Gold Bond Scheme, treating redemption as outside the scope of transfer under the capital gains exclusion.
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