Gold jewelery
Investment in Gold: On 30 April 2025, Akshaya Tritiya will be celebrated all over the country. This day is considered very auspicious for buying gold. It is believed that buying gold on this day brings prosperity in the house. Gold is considered to be the form of Maa Lakshmi here. Gold can be invested in many ways. Investment in gold is also taxed. Tax on both digital gold and physical gold seems the same. But the tax rules are different in Sovereign Gold Bond. Let’s know in detail.
Physical gold
Both physical gold and digital gold are taxed in a way. If it is sold after 2 years of purchasing, it levies 12.5 per cent long term capital gains tax without indexation benefits. When it is sold within 2 years, the ganes will be added to your income and tax will be levied according to the slab.
Sovereign Gold Bond (SGB)
Sovereign gold bonds have different tax rules. If you sell them in the secondary market within 3 years of buying, then they will be taxed according to your slab rate. But if you sell them after holding them for three years, then they are levied at the rate of 12.5 per cent without indexation. And if you keep them till maturity, then there is no tax on them. The maturity period of these bonds is 8 years and after 5 years, the option of early redemption is also available in them. Annual income of 2.5 per cent on these bonds is according to the tax slab.
Gold Exchange Traded Fund (ETF)
The new rules have come into force here from April 1, 2025. If you sell them after keeping them for 12 months, then 12.5 percent tax will be levied without indexation. If investment is sold before this period, then tax will be deducted according to the person’s income tax slab.
Latest business news
