Tax applied on gold bees or gold ETF

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B.com
3026 Points Posted on 16 February 2023
it assessess buying of gold bees or any gold eft from exchange and after selling 5 days.
question:
assessess tax applied on gold bees or gold ETF in it act.
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On 16 February 2023 at 13:01 Report
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Quick Summary
This discussion clarifies the tax treatment for Gold ETFs and Gold Bees under the Income Tax Act. It explains that profits from buying and selling these instruments can be subject to tax under the 'Income from Other Sources' (IFOS) if transacted only once. However, for regular trading, these are typically considered capital gains.

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SEO Sai Gr. Hosp.
212569 Points Posted on 16 February 2023

Yes, under head IFOS, if transacted only once.

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On 16 February 2023 at 13:23
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Accountant
1227 Points Posted on 29 December 2023

Why IFOS ? It needs to be in CG

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On 29 December 2023 at 17:33

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