Investing in Gold? Get 20% Higher Returns || bekifaayati #shorts
If Sovereign Gold Bonds are held till maturity (i.e 8 years) the capital gains will be exempted from tax. The exemption is available only to individual taxpayers and not to other categories like HUF, trusts etc.
However, If the SGB Bonds are redeemed ( on stock exchange) after the lock-in period of 5 years and before the maturity of 8 years, Capital Gains Tax is applicable on the profits earned on SGB Bonds.
In addition, investors also earn an annual interest of 2.5% on SGB and. In addition, you also get charged 3% GST when you sell Physical Gold - which is not the case with SGBs.
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If Sovereign Gold Bonds are held till maturity (i.e 8 years) the capital gains will be exempted from tax. The exemption is available only to individual taxpayers and not to other categories like HUF, trusts etc.
However, If the SGB Bonds are redeemed ( on stock exchange) after the lock-in period of 5 years and before the maturity of 8 years, Capital Gains Tax is applicable on the profits earned on SGB Bonds.
In addition, investors also earn an annual interest of 2.5% on SGB and. In addition, you also get charged 3% GST when you sell Physical Gold - which is not the case with SGBs.
===============================================================================
Follow our channels (bekifaayati) on
Instagram: https://www.instagram.com/bekifaayati/
Facebook: https://www.facebook.com/kifaayati
Linkedin: https://www.linkedin.com/company/kifaayat/
Twitter: https://twitter.com/bekifaayati
#goldinvest #investing
===============================================================================
We Simply the World of Personal Finance!
Subscribe Our Channel to Uncomplicate Your Financial Life
https://www.youtube.com/c/bekifaayati