Gold and overseas exchange-traded funds likely to get the tax edge

Quick Summary:

While gold, silver, and international exchange-traded funds (ETFs) will qualify for the 12.

The change in taxation on investment products, as announced in the Budget, has seemingly given an edge to commodity and international exchange-traded funds (ETFs).

As a result, the taxation on assets like gold, silver and international equities will differ based on the mode of investment.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Stock markets Exchange-traded funds Indian markets Gold ETFs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 21:24:15 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21774578

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 5 hours ago

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