Widely read:
What is the tax structure for investments in gold ETF?
-- Rajesh Patodia
The tax system for gold ETFs is similar to that of non-equity mutual funds like debt funds. So, if you hold gold ETFs for more than a year, you pay a long-term capital gains tax of 10 per cent without indexation or 20 per cent with indexation, whichever is lower, on the profits made.
Gold ETFs held for less than a year attract short-term capital gains tax. Meaning the profits are added to your annual income and taxed according to the bracket your income falls in. Moreover, gold ETFs do not attract wealth tax.
This article was originally published on March 22, 2011.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
For grievances: [email protected]
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
