Just to ask -
what is the tax implication of SGB on maturity in the hands of HUF?
whether it is taxable as capital gains or exempted ?
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Tax implications on Sovereign Gold Bond
Replies (4)
Quick Summary
It's exempted.
However before maturity, any sale transaction on stock market will invite capital gain tax , may be Short Term or Long Term
However before maturity, any sale transaction on stock market will invite capital gain tax , may be Short Term or Long Term
It is exempted only for individual at the time of maturity, for other assesses it is taxable to CG. but before maturity taxable for all.
Interest on the Bonds will be taxable. The capital gains tax arising on redemption of SGB to an individual has been exempted.
The indexation benefits will be provided to long terms capital gains arising to any person on transfer of bond.
The indexation benefits will be provided to long terms capital gains arising to any person on transfer of bond.
Any section on redemption
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