Rajesh Sivaswamy Comments on SGB Tax Reforms in Union Budget 2026 in Business Standard 

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. 

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