Sovereign bondd
Madhavan R (78 Points)
25 August 2022
sale of Sovereign Gold bonds:: is it exempt from Capital gains tax on long or short term period of redemption
Madhavan R (78 Points)
25 August 2022
Mahesh Shah
(2308 Points)
Replied 26 August 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166606 Points)
Replied 26 August 2022
No short term, only if redeemed at maturity i.e. after 8 years, by any INDIVIDUAL, capital gain is exempted. Yes, premature encashment after 5 years is allowed.
Mahesh Shah
(2308 Points)
Replied 26 August 2022
@ Dhirajlal sir, after lock in period of 5 yrs one can make application to pre mature on intreast payment date befor maturity and that is taxable as capital gains ( LTCG)
Since I have those bonds I am aware, sir
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166606 Points)
Replied 26 August 2022
Yes, but 5 yrs period is not under short term...
Mahesh Shah
(2308 Points)
Replied 26 August 2022
Sir, one can not sell before 5 years so obviously it will be LTCG if sold before maturity and after lock in period of 5 yrs
Samantha J
(1236 Points)
Replied 28 August 2022
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