LTCG on sale of Gold ETF exempted from Tax?

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  1. R.K.Agarwal

    R.K.Agarwal New Member

    I read on one of a reputed site that Gold ETF is treated like equity share. Although STT is not paid on Gold ETF.

    1. My query is whether the treatment will be same as that of equity share for LTCG and STCL?
    2. What are other ETFs or listed Bonds which are of same category as Equity?

    R.K.Agarwal
     
  2. Its treatment would be same as equity share if STT is paid at the time of sale.

    In this case, as the STT is not paid - therefore it would be treated like any other capital asset.
     
  3. R.K.Agarwal

    R.K.Agarwal New Member

    I think LTCL on Gold ETF (STT not paid) can not be set off for STCG on shares traded (STT paid) same year. Is it correct or not?
    It means LTCL incurred on Gold ETF can be caried over and set off for LTCG on equity and debt MFs in future. Pl. clarify.

    R.K.Agarwal
     
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