Let’s consider the following scenario:
- I bought 1 unit of SGB issued in some tranche in 2016.
- I made a purchase through Zerodha in 2021.
- The SGB is going to mature in 2024.
- I hold the SGB till maturity in 2024.
Will my gain on SGB from 2021 to 2024 be taxable? Because technically my lock-in period is only 3 years(2021-2024) as opposed to if I would have bought in 2016 it would have been 8 years(2016-2024).