Finance
Mr. BillionhairUnion Budget Slams SGBs: Tax-Free Status Cut, Folks!
Folks, the Union Budget just slashed the tax-free status of Sovereign Gold Bonds! Only a tiny fraction of SGBs can now escape the tax man. If you didn't buy from the RBI and hold for eight years, sorry! Traditional options are still the big winners. But remember, keep your investments safe and sound!
few days ago | Amit Kumar
Quick rundown
1.Sovereign Gold Bonds lose blanket tax-free status.
2.Capital gains tax exemption now limited to original RBI issues.
3.SGBs bought from secondary markets face new tax rules.
4.PPF, SSY, and EPF still offer full tax exemption under EEE.
5.Investors must verify SGB acquisition method for tax implications.
