Gold/silver etf. STCG. how to decalre in ITR at slab rate?

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finance act made  changes so that gold etf under stcg now is charged at slab rates but computax is taxing them at 20% flat.

Tried their support but they have no clue about it. 

Can anyone tell me how to fix this?  or what setting to apply so that gold etf are charged at slab rates udner stcg?

Replies (2)
Quick Summary
A taxpayer reported that software was taxing short term gains from gold and silver ETFs at 20% instead of slab rates. The discussion covered the Finance Act 2024 changes, correct asset classification, and reporting STCG under the appropriate ITR schedule.

Summary: Gold ETF short-term gains (held ≤ 12 months) are taxed at your income tax slab rate. If your software is incorrectly applying a 20% rate, it is likely misclassifying the asset as equity; ensure you categorize it as a non-equity asset in your ITR (typically ITR-2 or ITR-3).

You are correct about the law change. Finance Act 2024 reclassified STCG on gold ETFs and silver ETFs as ordinary capital gains taxable at YOUR SLAB RATE, not the 20% flat rate under Section 111A. This applies from AY 2026-27 (FY 2025-26).

In ITR-2, report the STCG from gold/silver ETFs in Schedule CG under the section for Short Term Capital Gains at slab rates (not under Section 111A). The ITR-2 utility has a separate row for STCG on assets other than equity shares/equity MFs.

If Computax is auto-routing it to 111A (20%), check:
1. The asset type coded in the software for gold/silver ETF ,  it may still be set to equity-oriented fund
2. Whether your software version includes the Finance Act 2024 update ,  check with the vendor
3. As a workaround, some practitioners manually adjust the Schedule CG entry and verify the tax computation reflects slab-rate treatment

For gold ETF STCG declared at slab rates in ITR-2, your tax is computed at your marginal rate (5%, 10%, 15%, 20%, or 30%) on the net gain after the basic exemption, not a flat 20%.

For the full picture on ITR-2 filing and how capital gains schedules are structured this year, Tax Garden's [ITR filing service](https://taxgarden.in/itr-filing) handles complex gain/loss scenarios end-to-end.

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