In case of ETF tax depends on whether u r holding the units as investments or stocks in trade
If its investment the same rules for tax implies as in case of equity mutual funds.
Nil long term capital gain tax
15% short term capital gains tax
In case of DSPML World Gold Fund, its treated as FoF investing in funds of gold mining companies.
Here eventhough we are investing in Equities there are no regulation treating debt or equity separately in case of FoF in India. So the tax as of Debt schemes applies.
For long term gain u will get 10% or 20% with indexation which ever is lower.
before Investing thouroughly read offer document. Ofcourse forums give opinion of people but take it as only an information but before investing please go though offer document or atleast KIM of the respective scheme.
Swama
If its investment the same rules for tax implies as in case of equity mutual funds.
Nil long term capital gain tax
15% short term capital gains tax
In case of DSPML World Gold Fund, its treated as FoF investing in funds of gold mining companies.
Here eventhough we are investing in Equities there are no regulation treating debt or equity separately in case of FoF in India. So the tax as of Debt schemes applies.
For long term gain u will get 10% or 20% with indexation which ever is lower.
before Investing thouroughly read offer document. Ofcourse forums give opinion of people but take it as only an information but before investing please go though offer document or atleast KIM of the respective scheme.
Swama