How are the interest payments and capital gains on Sovereign Gold Bonds taxed?
Interest on Sovereign Gold Bonds is taxable as per the investor's income tax slab rate, while capital gains arising from redemption or sale of the bonds are exempt from tax. However, if the bonds are sold before maturity, the capital gains will be taxed based on the investor's holding period.
Interest on Sovereign Gold Bonds is taxable as per the investor's income tax slab rate, while capital gains arising from redemption or sale of the bonds are exempt from tax. However, if the bonds are sold before maturity, the capital gains will be taxed based on the investor's holding period.
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