Sovereign Gold Bonds or SGBs are government securities denominated in grams of gold. SGBs are an alternative for holding physical gold.
Sovereign Gold Bonds are taxed under the head:
- Capital Gains: when redeemed on maturity or sold on the Stock Exchange
- Income from Other Sources: for interest earned on SGB
Here’s a read to help you understand Income Tax treatment for Sovereign Gold Bonds.
Still got questions? Ask them below, and we’ll make sure to answer them in the simplest way