Long term capital gains (LTCG) tax is charged on profits from capital assets sold in the long term. LTCG tax is higher than STCG tax. Holding assets like property, unlisted shares, physical gold, e-gold for 3 years or more makes it a long term transaction; lesser than that is short term. This is 1 year in case of listed shares, equity funds, listed bonds, debt funds and gold funds; lesser than that is short term.
For current capital gains tax rates refer to table.
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 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?