Union Budget tightens tax rules on Sovereign Gold Bonds!

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Union Budget tightens tax rules on Sovereign Gold Bonds!

The Union Budget has put the squeeze on Sovereign Gold Bonds! Starting now, only certain SGBs can enjoy tax-free capital gains. If you bought them directly from the Reserve Bank of India and held on for eight years, you’re in luck! But if you snagged them from the secondary market, say goodbye to tax-free benefits. Plus, interest is still taxable, so keep that in mind!

| Amit Kumar