India amends gold tax laws The Finance Ministry in India has - TopicsExpress

India amends gold tax laws The Finance Ministry in India has proposed wide-ranging amendments to tax laws for gold ETFs and gold funds that fall under the non-equity mutual funds. As per the new law, gold ETFs and gold funds will be charged long-term capital gains tax of 20% in place of the current 10%. In addition to doubling the long-term capital gains tax, the new tax regime also has increased the minimum holding period to qualify for long-term capital gains tax has been raised from 12 months to 36 months.

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