Union Budget 2023: E-Gold Receipts Not to Attract Capital Gain [Read Finance Bill]

budget 2023 - e gold receipts - capital gain - budget 2023 live - union budget 2023 - nirmala sitharaman budget - nirmala sitharaman union budget - nirmala sitharaman - budget 2023 india - Taxscan

The Finance Minister Nirmala Sitharaman in the Union Budget 2023-24 proposed that the conversion of physical gold to Electronic Gold receipts (EGR)and vice versa is not to be treated as a transfer and excluded from the purview of the capital gains. It was proposed that the cost of acquisition of the EGR for computing tax…

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