I have two quarries :-1
1. Interest earns from SGB - Is it taxable or Exempted from Tax
2. Does Long term Capital applicable on redemption of SGB after complete tenure of 8 yrs ?
Dip Narayan (Deputy Manager) (767 Points)
20 October 2022I have two quarries :-1
1. Interest earns from SGB - Is it taxable or Exempted from Tax
2. Does Long term Capital applicable on redemption of SGB after complete tenure of 8 yrs ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170671 Points)
Replied 20 October 2022
1. Taxable..
2. To capital gain tax on redemption, as it is exempted.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)