Thread by @manansmehta5

New issue of Sovereign Gold Bond starts today🏅

I've been asked the tax implications so many times, so here you go.

Here's a very simple cheatsheet - A thread 🧵

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🏅 Buy in primary issue, hold till maturity:
No tax on maturity

🏅 Buy in primary issue, sell in secondary market:
Capital gains tax applies

🏅 Buy in secondary market, hold till maturity:
No tax on maturity

🏅 Buy in secondary market, sell in secondary market:
Capital gains tax applies

Note that Interest is always taxable at slab rates.

#SGB #investment #incometax

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