Gold ETF Demand Skyrockets By 216%: What Makes It A Better Investment Than Physical Gold
In Union Budget 2024, Nirmala Sitharaman, the finance minister of India, announced that the long-term capital gains (LTCG) on gold ETFs would be taxed at a flat 12.5 per cent rate without indexation if held for just 12 months. Earlier, LTCG on gold ETFs were taxed at 20 per cent with indexation if held for over three years.
In Union Budget 2024, Nirmala Sitharaman, the finance minister of India, announced that the long-term capital gains (LTCG) on gold ETFs would be taxed at a flat 12.5 per cent rate without indexation if held for just 12 months. Earlier, LTCG on gold ETFs were taxed at 20 per cent with indexation if held for over three years.
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Subhashree
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