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What is SGB and its advantages
please let me know the advantages and disadvantages of SGB
Replies (3)
It is abbreviated form of Soverign Gold Bonds
SGB issued by government yearly from Oct to march at value determined from time to time.
It will give int 2.5%.
Safe investment of gold.
Same returns as compared to physical gold.
Exemption from capital gain tax if held till maturity of 8 years.
You can with draw it after 5 years than capital gain is applicable with indexation benifit for individual.
Intrest is taxable as per slab rates.
Plus any time liquidity as SGB are listed on stock exchanges NSE BSE
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