interest on GOI,SGB
seema sutar (72 Points)
03 June 2018
the int. of above is to be included in total income or not?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 03 June 2018
The interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond (taxable on transfer)
Interest to be included in income computation.
seema sutar
(72 Points)
Replied 03 June 2018
if the interest is taxable,then must be included in total income.
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