Sovereign Gold Bond redemption not treated as transfer, preserving exemption from capital gains taxation on such redemptions. Redemption of a Sovereign Gold Bond issued under the Sovereign Gold Bond Scheme, 2015, is not regarded as transfer for capital gains tax purposes; the capital asset is the Sovereign Gold Bond, the transferor may be an individual assessee and the transferee may be any person, so such redemptions are excluded from taxable transfers.
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 not treated as transfer, preserving exemption from capital gains taxation on such redemptions.
Redemption of a Sovereign Gold Bond issued under the Sovereign Gold Bond Scheme, 2015, is not regarded as transfer for capital gains tax purposes; the capital asset is the Sovereign Gold Bond, the transferor may be an individual assessee and the transferee may be any person, so such redemptions are excluded from taxable transfers.
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