Gold etf taxation after 1 yr (URGENT)

[SG_13]

@J_R_Dinesh

Does the ltcg exemption limit of 1.25 lakh applicable for gold etfs as well?

No, the exemption provided u/s 112A of IT Act (LTCG) is available only w.r.t listed equity shares or units of equity oriented funds.

@Quicko

The ₹1.25L exemption is available only in the case of domestic listed shares and MFs/ETFs that invest in domestic equity. This is specified in section 112A of the Income Tax Act.

The funds mentioned by you are foreign ETFs and track foreign indices. Hence, the exemption will not be available.

Hope this helps!

Since Gold is not equity, the above explanation will apply for all non-equity ETFs/funds, including the international ones.