--- title: "Rajesh Sivaswamy Comments on SGB Tax Reforms in Union Budget 2026 in Business Standard " date: 2026-02-14 author: "King Stubb & Kasiva" url: https://ksandk.com/news/sgb-tax-reforms-in-budget-2026/ --- # Rajesh Sivaswamy Comments on SGB Tax Reforms in Union Budget 2026 in Business Standard  Posted On - 14 February, 2026 • By - King Stubb & Kasiva ![Professional discussing legal documents at a corporate law firm office](https://ksandk.com/wp-content/uploads/2-image.png) In an article titled *“Budget 2026 changes SGB tax rules, ends blanket capital gains exemption”* published by Business Standard, Rajesh Sivaswamy shared his expert perspective on the tax treatment changes relating to Sovereign Gold Bonds (SGBs) under Union Budget 2026.  ![2 image](https://ksandk.com/wp-content/uploads/2-image.png) Commenting on the revised capital gains framework, Sivaswamy observed:“From a legal and tax advisory perspective, this measure underscores the importance of holding SGBs to maturity to avail the capital gains exemption and highlights the government’s emphasis on promoting stable, long-term investment in sovereign instrument.”  He noted that the amendment marks a significant shift in the taxation landscape for SGB investors, effectively narrowing the availability of capital gains exemptions and reinforcing the policy objective of encouraging disciplined, long-term participation in sovereign-backed investment instruments.  The reform reflects the Government’s broader fiscal strategy of aligning tax incentives with long-term capital formation while ensuring clarity and predictability in the taxation of financial instruments.  For detailed insights, read the full article on Business Standard’s website: [https://www.business-standard.com/budget/news/budget-2026-changes-sgb-tax-rules-ends-blanket-capital-gains-exemption-126020100451_1.html](https://www.business-standard.com/budget/news/budget-2026-changes-sgb-tax-rules-ends-blanket-capital-gains-exemption-126020100451_1.html)  --- ## Office Locations - [New Delhi](https://ksandk.com/locations/top-corporate-law-firm-in-delhi/) (HQ): +91-11-41318190 | info@ksandk.com - [Mumbai](https://ksandk.com/locations/top-corporate-law-firm-in-mumbai/): 3 offices (Nariman Point, Lower Parel, Andheri) | mumbai@ksandk.com - [Bangalore](https://ksandk.com/locations/top-corporate-law-firm-in-bangalore/): bangalore@ksandk.com - [Chennai](https://ksandk.com/locations/chennai/): chennai@ksandk.com - [Hyderabad](https://ksandk.com/locations/hyderabad/): hyderabad@ksandk.com - [Pune](https://ksandk.com/locations/pune/): pune@ksandk.com - [Kochi](https://ksandk.com/locations/kochi/): kochi@ksandk.com ## Contact - [Contact Page](https://ksandk.com/contact-us/) - General: info@ksandk.com | +91-11-41318190 - WhatsApp: +91-7428567444 - [Privacy Statement](https://ksandk.com/privacy-statement/) - [Terms of Use](https://ksandk.com/terms-of-use/)