Gifting Sovereign Gold bond

Hello,


Can one gift SGBs to adult son/daughter (demat) ?  Tax on interest/ capital gain if any should in whose ITR?


Thanks in advance.


Rani

Replies (3)
Quick Summary
This discussion clarifies whether Sovereign Gold Bonds (SGBs) can be gifted to an adult son or daughter holding a demat account. The consensus is that gifting SGBs is indeed possible. Furthermore, any tax liability related to interest earned or capital gains will fall under the Income Tax Return (ITR) of the gift receiver.

1. Yes.

2. Gift Receiver.

Thank you very much Sir. 

You are welcome.               

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