BSEIndia: All Stock Market News: Re: [sharetrading] Gold ETF ?????????????

Tuesday, May 25, 2010

Re: [sharetrading] Gold ETF ?????????????

Tax implications on Gold ETFs are same as those on debt mutual funds.

A unit of a Gold ETF that is held for less than twelve months is treated as a short-term capital asset. Gains on the same are taxed at the investor's marginal rate of tax.

Units held for more than twelve months are treated as long-term capital assets. Long-term capital gains are taxed at 20% (after allowing for indexation benefit) or 10% (without indexation benefit), whichever is less.

Technically Indicators in Gold ETF has made higher high though price has double top.

Need to wait before selling.

i feel it will be too early to exit from gold. Members should decide before acting on it.

--- On Sat, 5/22/10, shravank30@hotmail.com <shravank30@hotmail.com> wrote:

From: shravank30@hotmail.com <shravank30@hotmail.com>
Subject: Re: [sharetrading] Gold ETF ?????????????
To: sharetrading@yahoogroups.com
Date: Saturday, May 22, 2010, 2:28 AM

STT is not deducted when buying selling GOLD etfs

As such the exemption does not apply

From: kersi commissariat

Sent: Saturday, May 22, 2010 11:06 AM

To: sharetrading@ yahoogroups. com

Subject: Re: [sharetrading] Gold ETF ???????????? ?

can anyone confirm whether the rules of LTCG applies to Gold ETF also like, more than 12 months holding and is the Cap gain made on that is exempted?? some people have doubt over this,
kkc

From: sharetrading. moderator <sharetrading. moderator@ yahoo.com>
To: sharetrading@ yahoogroups. com
Sent: Fri, May 21, 2010 5:05:49 PM
Subject: [sharetrading] Gold ETF ???????????? ?

Most of the Gold ETF`s are in the process of forming double top which when confirmed can be a bearish sign

Holders should remain alert and watchful

Fresh buying should be strictly avoided till the price breaches earlier top

Personally I am getting out of my Gold ETF may be for a long time to come