Will secondary market SGB maturity returns now be taxed? Budget 2026 has changed the rules

Budget 2026 clarifies that tax-free maturity benefits on Sovereign Gold Bonds will apply only to primary investors who bought directly from the government at issuance. Those purchasing SGBs from the secondary market will now face capital gains tax at redemption, altering post-tax returns and reducing the appeal of near-maturity secondary market bonds.

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Sebi to ease ‘fit and proper person’ criteria

Sebi proposes to revise ‘fit and proper person’ criteria for market intermediaries, including stockbrokers, to ease compliance burdens. The regulator suggests removing automatic disqualification upon