Investing in gold? Here’s how your gains will be taxed—rules for physical gold, SGBs, MFs explained
Investing in gold? Here’s how your gains will be taxed—rules for physical gold, SGBs, MFs explained
Gold prices are soaring, but new tax rules from July 23, 2024, impact investors. Physical gold, ETFs, and mutual funds lose indexation benefits, with higher taxes on longer-term gains. Sovereign Gold Bonds offer tax-free maturity, but secondary market sales now face stricter taxation without indexation.
Gold prices are soaring, but new tax rules from July 23, 2024, impact investors. Physical gold, ETFs, and mutual funds lose indexation benefits, with higher taxes on longer-term gains. Sovereign Gold Bonds offer tax-free maturity, but secondary market sales now face stricter taxation without indexation.