I’ve been investing in a gold ETF for the past 2 years. Is there any tax liability on the income or profit if I sell my investments?
-Prakash Prajapati
Yes, your income will be liable for the capital gains tax. The tax treatment for the same is exactly like that of a fixed income fund. You can choose to pay 10 per cent flat tax, or 20 per cent tax after indexation.
This article was originally published on June 05, 2012.