News From Press Investment in physical form of gold is more tax-efficient now

Investment in physical form of gold is more tax-efficient now

Source: Mint Mar 28, 2023

All that glitters is gold, particularly now that gains from debt funds, irrespective of the holding period, is set to be taxed as short-term capital gains from 1 April. Currently, debt funds attract capital gains tax of 20% with indexation benefit if held for more than 36 months.

From April, investments in mutual funds with up to 35% equity exposure to domestic companies are liable to be taxed as per the investors’ income tax slab rate.

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