The theory that STT is not charged on Gold ETF is NOT correct, I have all 3 bills and it is charged as normal STT, hence we have to get exemption from LTCG if we sell after 12 months, how can we treat that as debt MF? when it is traded on SE and hence more clarification is required from people who know tax laws,
kkcommissariat
From: minesh temkar <minesh_temkar@yahoo.com>
To: sharetrading@yahoogroups.com
Sent: Tue, May 25, 2010 9:57:22 PM
Subject: Re: [sharetrading] Gold ETF ?????????????
kkcommissariat
From: minesh temkar <minesh_temkar@
To: sharetrading@
Sent: Tue, May 25, 2010 9:57:22 PM
Subject: 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:
|
__._,_.___
Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
Happy Trading,
United we grow!!!
MARKETPLACE
.
__,_._,___
No comments:
Post a Comment