2 min read.Updated: 22 Nov 2020, 10:09 AM ISTAvneet Kaur
Income tax implications on sale of gold
Profits on selling gold attracts income tax. The taxation rules depend on the form of gold redeemed. We can purchase gold in multiple ways -- physical gold via jewellery or coins, gold mutual funds or gold Exchange Traded Funds (ETFs), smart or digital gold and Sovereign gold bonds (SGBs) issued by the RBI. There is a slight difference in the way the capital gains on sale of different forms of gold, as mentioned above are taxed. Read on to know the income tax implications on sale of gold.
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