I had sold my gold ETF units at loss. Can indexation be used to show increased loss? I bought it in 2012 (at ₹3,004) and sold in 2015 (at ₹2,408).
- Apurwa Srivastava
Since you haven't specified the months in which you bought and sold the investment, it is not clear whether you have held your investments for three years. If you sold your investments after the completion of three years, you can claim long-term capital gains tax of 20 per cent with indexation benefit. Investments in gold ETFs sold before three years attract short term capital gains tax. Short term capital gains are added to the income and taxed according to the Income Tax slab applicable to the investor.
This article was originally published on December 01, 2015.