Gold is on a roll: How your gains from gold investment are taxed be it jewellery, SGBs, gold ETFs or mutual funds

New gold investment tax rules took effect from July 23, 2024. As per the new rules, long term capital gains on physical gold, ETFs, and mutual funds incur a 12.5% flat tax. Unlike before the rule changes, indexation benefits will cease for these holdings. Sovereign Gold Bonds sold before maturity will also face a 12.5% long term capital gains tax.

from Tax-Wealth-Economic Times https://ift.tt/l8YtvI2