Capital gains tax is a kind of direct tax charged on profits from capital assets. Capital assets are the ‘investments’ we make, the ones that generate income like property, gold, shares, mutual funds etc. Currently equity (shares, equity mutual funds) is taxed lesser than all other capital assets. Similarly long term capital gains is higher than short term capital gains, especially for those in the higher tax brackets.
Refer to the table for present capital gains tax rates.
All Gold FAQs
- Can I trade in Gold without actually buying physical gold?
- Which one would be the best option to invest- E-Gold, Gold Mutual Fund, Gold ETFs or Jewelry/Gold coins?
- How much percentage of my investment portfolio should be allocated to Gold?
- What is the difference between Long term and Short term capital gains tax?
- Is there a way to claim exemption from tax on capital gain on selling Gold ETF/mutual fund units?
- What about liquidity of Gold ETFs?
- How can one trade in gold futures in India?
- Under Capital Gains tax, can long term loss in equities be set-off against long term gain in equities in the next financial year?
- What is the difference between tax exemption and tax deduction?