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Regarding showing of maturity of SGB after 8years

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This query is : Resolved

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This discussion clarifies how to report the maturity of Sovereign Gold Bonds (SGBs) in your ITR-4 tax return. The interest earned on SGBs is taxable under 'income from other sources'. However, the total maturity amount, including the principal and any capital gains, is tax-free if the bond is held until maturity. The user is specifically asking if the entire maturity amount should be shown as exempt income.

Amitabha Das

Amitabha Das (Querist)

15 April 2023 Sir,where and how to show maturity amount of SGB(Sovereign Gold Bond) after its maturity in ITR-4?Thanks in advance🙏🙏🙏🙏

Rahul varshney

Rahul varshney (Expert)

15 April 2023 The interest portion is taxable under the head "income from other source", while the capital gain is tax-free provided the bond is held till maturity.

Amitabha Das

Amitabha Das (Querist)

15 April 2023 Actually sir I want to know that after maturity of SGB is it(total maturity amount)to be shown as exempt income??🙏🙏🙏🙏🙏🙏

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