Difference between Sec 47(viic) and Sec 48 proviso 4
Not able to figure out whether Redemption of Sovereign gold bond issued by RBI under Sovereign Gold Bond Scheme ,2015 is a transfer ?
Menu
Capital Gains Sec 47(viic) and Sec 48 proviso 4
Replies (3)
If you hold the bonds until maturity and get the invested money back on redemption of bonds then capital gain arising therefrom will be not taxable(or simply say exempt)
however if you sell it before redemption then capital gain will be taxable and you will also get indexation benefit on such bond.
usually bonds do not have indexation benefit but this gold bond has.
this is provided in 47(viic) and proviso to 48
however if you sell it before redemption then capital gain will be taxable and you will also get indexation benefit on such bond.
usually bonds do not have indexation benefit but this gold bond has.
this is provided in 47(viic) and proviso to 48
Thankyou
Welcome ishan
Recent Threads
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
Related Threads
CAclubindia
