Gold exchange traded funds (ETFs) are subject to relevant taxes
From tax point of view, gold ETF's are considered as debt funds. Since debt funds attract both dividend distribution tax (12.5%) and capital gains tax - short-term (as per income slab) and long-term (20% with indexation and 10% without indexation)- hence, your investment will also be subject to the same.
This article was originally published on December 21, 2009.
Gold hits record high. Should you still buy?
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