Capital gain tax on gold mutual fund , ETF
This query is : Resolved
10 January 2025
Hiiii!!!!
i had bought gold mutual fund in year 2021, and sell in the year 2024-2025. what is my period of holding? what is ,y tax rate?
please provide clarity on taxation of Gold mutual fund and Gold ETF purchase before 1/4/2023 , between 1/4/2023 to 31/3/2025, purchased after 1/4/2025- Period of holding, capital gain, tax rate ?? indexation benefit or not??
i had bought gold mutual fund in year 2021, and sell in the year 2024-2025. what is my period of holding? what is ,y tax rate?
please provide clarity on taxation of Gold mutual fund and Gold ETF purchase before 1/4/2023 , between 1/4/2023 to 31/3/2025, purchased after 1/4/2025- Period of holding, capital gain, tax rate ?? indexation benefit or not??
11 January 2025
Before April 1, 2023
Holding Period: More than 36 months
Tax Rate: Gains taxed at 20% with indexation benefits.
Between April 1, 2023, and March 31, 2025
Holding Period: Regardless of how long you hold them during this period, gains will be taxed at your applicable income tax slab rates.
Tax Rate: Gains are added to taxable income and taxed at slab rates. There are no indexation benefits during this time.
After April 1, 2025
Holding Period: If sold within 24 months of purchase, gains will be considered short-term capital gains (STCG) and taxed at slab rates. If held for more than 24 months, gains will be classified as LTCG.
Tax Rate: LTCG will be taxed at 12.5% without indexation benefits.
Given your purchase in 2021, you will benefit from the old tax regime until March 31, 2025. If you sell your gold mutual fund before this date, your gains will be subject to the applicable slab rates based on the new rules if sold after April 1, 2023. After March 31, 2025, new tax rules will apply.
Holding Period: More than 36 months
Tax Rate: Gains taxed at 20% with indexation benefits.
Between April 1, 2023, and March 31, 2025
Holding Period: Regardless of how long you hold them during this period, gains will be taxed at your applicable income tax slab rates.
Tax Rate: Gains are added to taxable income and taxed at slab rates. There are no indexation benefits during this time.
After April 1, 2025
Holding Period: If sold within 24 months of purchase, gains will be considered short-term capital gains (STCG) and taxed at slab rates. If held for more than 24 months, gains will be classified as LTCG.
Tax Rate: LTCG will be taxed at 12.5% without indexation benefits.
Given your purchase in 2021, you will benefit from the old tax regime until March 31, 2025. If you sell your gold mutual fund before this date, your gains will be subject to the applicable slab rates based on the new rules if sold after April 1, 2023. After March 31, 2025, new tax rules will apply.
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