I have some money saved over the last couple of years and am looking to invest in gold. Not ETFs at the moment or Egold, rather looking at physical gold. What i need to understand are the tax implications of buying gold coins in various denominations like 5 gms, 10 gms or even 100 gms. How am I going to be taxed if buy this gold and dont sell it for the next 3-4 years.
Also would you suggest buying ETFs or E-gold. I understand that both these attract long term capital gains of at least 10% even if held for 3 years or more before selling.
Seeking some expert advice here!
CAclubindia
