BSEIndia: All Stock Market News: Re: [Ways-2gain] WHY ONE SHOULD BUY GOLD IN DEMAT MODE

Sunday, March 28, 2010

Re: [Ways-2gain] WHY ONE SHOULD BUY GOLD IN DEMAT MODE

Gold ETF will be taxed as ordinary stock buy or sell......If you hold for more than 1 year vs less than 1 year. I think I am right since it is just an ETF like the Nifty BeES. So, it is as simple as that.

I am a holder of the Rel Gold ETF from NFO.

KKP

On 3/27/2010 8:24 AM, Tarun Vohra wrote:

Hi,
Could someone elaborate on the tax rates applicable to Gold ETF

Thanks and Regards,

Tarun Vohra.

From: samir shah <samir.shah.s@gmail.com>
Sent: Fri, 26 March, 2010 9:41:48 AM
Subject: [Ways-2gain] WHY ONE SHOULD BUY GOLD IN DEMAT MODE

Please find a comparative analysis of gold ETF with regards to physical gold or bank gold coins

Tax implications:

--
You cant do anything about the Length of your life,but you can do something about its Width and Depth.

Samir Kumar Shah.
9830405060

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--  Plan Your Work and Work Your Plan to Get Ahead in 2009-2012.....  KKP Investor ------------ ------------ Bull Markets are Born on Pessimism,  Bull Markets Grow on Skepticism,  They Mature on Optimism, and  Die on Euphoria - Sir John Templeton ------------------------------------ Bear Markets are Born on Recessionism,  Snowball on Momentum & Technical-Breakdowns,  Mature on Eco-Political-Nightmare Talks, and  Die on World-Is-Coming-To-An-End Euphoria - KKP  -----------------------------------------------  >BUFFET: My rule is to be fearful when others are greedy,and be greedy when  others are fearful. All day you wait for the pitch you like, then when  the fielders are asleep, you step up and hit it. Stay dispassionate and  be patient. First the crowd is boozy on optimism and buying every new  issue in sight. The next moment it is boozy on pessimism, buying gold  bars and predicting another Great Depression. Most people get interested  in stocks when everyone else is jumping in. The time to get interested  is when no one else is interested. You can't buy what is popular and  expect to do well.   ABOVE ALL: Whatever God Does, Accept that as Good; Leave Behind ALL Other Judgements/Justifications. ----------------------------------------------------------------------------------------------------     Disclaimer> Do you homework for your ownself and then invest.  My ideas are not advice.