Sovereign bondd
sale of Sovereign Gold bonds:: is it exempt from Capital gains tax on long or short term period of redemption
Replies (6)
Quick Summary
Lock in period 5 yrs....sale after 5 yrs and before maturity will attract LTCG....on maturity tax free
No short term, only if redeemed at maturity i.e. after 8 years, by any INDIVIDUAL, capital gain is exempted. Yes, premature encashment after 5 years is allowed.
@ Dhirajlal sir, after lock in period of 5 yrs one can make application to pre mature on intreast payment date befor maturity and that is taxable as capital gains ( LTCG)
Since I have those bonds I am aware, sir
Yes, but 5 yrs period is not under short term...
Sir, one can not sell before 5 years so obviously it will be LTCG if sold before maturity and after lock in period of 5 yrs
SGB on redemption on coupon payment dates after five years are exempt from LTCG.But the sad part is that if one holds it in demat form one cannot opt for redemption before maturity as brokers don't have this option on the trading platform!
RBI and SEBI toss the issue between them each saying that the other has to ensure compliance to notification!
Jai Ho!
Let's be practical and not theoretical !
RBI and SEBI toss the issue between them each saying that the other has to ensure compliance to notification!
Jai Ho!
Let's be practical and not theoretical !
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