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interest on GOI,SGB
the int. of above is to be included in total income or not?
Replies (2)
The interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond (taxable on transfer)
Interest to be included in income computation.
if the interest is taxable,then must be included in total income.
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