tax on GOLD ETF

K

kumarsemails

Member
#1
#1
Can someone explain me what are my tax liabilities incase of GOLD ETF. My profile is that of investor and not trader.

Please explain if buy and sell is within a year then what is tax liability and if buy-sell is more than a year.

If you can explain concept of indexation (if applicable) applied to this then it will be very good.

regards,
kumar
 
K

kumarsemails

Member
#3
#3
Very well explained in the above link

Can someone answer my following general Stocks related queries.

1. For stocks - Short term Gain (less than 1 year) - Tax is as per income slab.
Also here no indexation benefits come. Is it correct?

2. For stocks - Long term Gain (more than 1 year) - Tax is NIL. No point of worrying about indexation thing. Is it correct?

3. I do trading in IIFL and ICICI Direct. Capital invested is something like 80 lakhs. Multiple rotation short term/long term etc.
Now how to calculate my short term and long term gains. Because volumne is huge and manually i dont think i can do.
Is there a software process?

regards,
Kumar
 
M

maijtsthoslaa

Member
#4
#4
Hi Kumar

You are right, answers to point 1 and 2 is yes, correct.
No no, wait, IMO, STCG is taxed at 15% and not as per ones tax slab. Confirm from someone/google

Sorry I have not tried any such software, but you can visit investplus.in
I have seen their ad in TJ, sometime back. Might be it is useful for you
 
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