fbpx
Subscribe
India Budget Series

TAX BENEFITS UNDER SOVEREIGN GOLD BOND SCHEME, 2015

The Sovereign Gold Bond Scheme was introduced with the dual intention of providing security as well as fulfilling a social obligation.

It is proposed that redemption of a Sovereign Gold Bond under the said Scheme by an individual shall not be considered as a transfer and shall be exempt from capital gains tax.

It is proposed to provide that indexation benefits in case of long term capital gains arising on transfer of sovereign gold bonds (from one person to another) issued under the Scheme.

This amendment will take effect from 1st April, 2017 and will, accordingly, apply in relation to the assessment year 2017-18 and subsequent assessment years

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe here for our 

Monthly Newsletter

Follow us here : 

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from Youtube
Vimeo
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Spotify
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound
SUBSCRIBE