Regarding Taxation of Sovereign Gold Bond
shikha taparia (47 Points)
27 May 2021shikha taparia (47 Points)
27 May 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 27 May 2021
If it is traded on stock exchange, subject to STT. After 8 years, when sold, capital gains tax. In between, if this if for company accounts, differed taxes may arise if there are any temporary differences in its tax base and carrying amount.
veerendar singh
(tax consultant)
(3301 Points)
Replied 27 May 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 27 May 2021
Txs. Thought all asset disposal fall under capital gains.
shikha taparia
(47 Points)
Replied 27 May 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 27 May 2021
Gold bonds have a maturity period of eight years. So, in case you buy gold bonds and hold them till maturity, the capital gains will be tax-free
veerendar singh
(tax consultant)
(3301 Points)
Replied 27 May 2021
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)