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What is the tax implication when investing in gold ETF?
- M H Aisale
When computing income tax, gold exchange traded funds are treated as debt funds. Hence, on redemption, the units of gold ETFs held for more than a year qualify for a long-term capital gain tax of 11.33 per cent without indexation, or 22.66 per cent with indexation. If the period of holding is less than a year, the short-term capital gain will be clubbed with the income of the individual investor, to be taxed as per the applicable tax slab of the investor.
This article was originally published on May 06, 2011.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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