Ask Value Research

What would be my tax liability?

You haven't mentioned when you have invested in the scheme. So, it is not clear how long you have held your investment

I have invested in CPSE ETF in 2014. If I sell it, what will be my income tax liability?
- Madhusudan Mankar

Goldman Sachs CPSE Exchange Traded Fund was launched in March 28, 2014. You haven't mentioned when you have invested in the scheme. So, it is not clear how long you have held your investment. If you have held it for more than 12 months, you don't have to pay any tax on your returns. Long-term capital gains tax is zero on equity investments held for more than 12 months. If you are selling your investment before 12 months, you will have to pay a short-term capital gains tax of 15 per cent.

This article was originally published on November 16, 2015.

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