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Tax implications on Sovereign Gold Bond

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Student CA Final
50 Points Posted on 04 January 2020
Just to ask -

what is the tax implication of SGB on maturity in the hands of HUF?

whether it is taxable as capital gains or exempted ?
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On 04 January 2020 at 17:35 Report
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17264 Points Posted on 04 January 2020
It's exempted.

However before maturity, any sale transaction on stock market will invite capital gain tax , may be Short Term or Long Term
101 Reply
On 04 January 2020 at 17:51
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1
55 Points Posted on 04 January 2020
It is exempted only for individual at the time of maturity, for other assesses it is taxable to CG. but before maturity taxable for all.
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On 04 January 2020 at 18:50
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17264 Points Posted on 04 January 2020
Interest on the Bonds will be taxable. The capital gains tax arising on redemption of SGB to an individual has been exempted.

The indexation benefits will be provided to long terms capital gains arising to any person on transfer of bond.
101 Reply
On 04 January 2020 at 19:28
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4 Points Posted on 26 February 2021
Any section on redemption
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On 26 February 2021 at 16:56


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