How are gold ETFs taxed?
Answer
Answer
Answer
Gold ETFs or exchange traded funds are open-ended mutual fund schemes that invest only in gold.
Gold ETFs are treated as non-equity investments and are taxed accordingly. Short-term capital gains on units held for less than 36 months will be added to investor's income and taxed as per the applicable slab rate. Long term capital gains on units held for more than 36 months will be taxed at 20% after providing for indexation.