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Regarding Taxation of Sovereign Gold Bond
If i purchase sgb after 2-4 years from its date of issue...will it be taxable in my hand after 8 years??
Replies (9)
If it is traded on stock exchange, subject to STT. After 8 years, when sold, capital gains tax. In between, if this if for company accounts, differed taxes may arise if there are any temporary differences in its tax base and carrying amount.
It is exempt from capital gains tax.
Agree with yasaswi
Txs. Thought all asset disposal fall under capital gains.
If i purchase from stock market and hold till its maturity without selling it on stock market...then will it be taxable?
Gold bonds have a maturity period of eight years. So, in case you buy gold bonds and hold them till maturity, the capital gains will be tax-free
It is taxable only when you sell it before maturity.
otherwise it is exempted from capital gains tax
otherwise it is exempted from capital gains tax
Ok...thank you...
you are welcome shikha
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