Sovereign Gold Bond (SGB) Scheme
- Union Budget 2026-2027 proposed to provide that the exemption from capital gains tax in respect of Sovereign Gold Bonds(SGBs) shall be available only where such bonds are subscribed to by an individual at the time of original issue and are held continuously until redemption on maturity.
- SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
- The Sovereign Gold Bond (SGB) scheme aims to substitute physical gold demand with financial investment assets.
- It helps in reducing the Current ....
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