Regarding Taxation of Sovereign Gold Bond
shikha taparia (47 Points)
27 May 2021
If i purchase sgb after 2-4 years from its date of issue...will it be taxable in my hand after 8 years??
9 Replies
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)
(3306 Points)
Replied 27 May 2021
It is exempt from capital gains tax.
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
If i purchase from stock market and hold till its maturity without selling it on stock market...then will it be taxable?
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)
(3306 Points)
Replied 27 May 2021
It is taxable only when you sell it before maturity.
otherwise it is exempted from capital gains tax
otherwise it is exempted from capital gains tax
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