The Capital Gains Blog

Posts Tagged ‘gld’

Question: Which schedule of ITR-2 to use for showing Long Term Capital Gains from sale of Gold ETF?

I sold some Gold ETF after holding it over a year. This was traded on the stock exchange but no STT was charged, so it will be long term capital gains. I want to claim at rate of 10% without indexation. I want to know whether to fill in schedule CG (section 112(1) applicable) of ITR2 or should I fill in schedule SI i.e. tax at special rates?

Answer: It is not Long Term Capital Gains. (Not shares). It is short term capital gains and the entire gains are added to your regular income and you have to pay tax as per slab rates.

No question of 10% or 20%.

You have to fill Short-term (others) (A6 of Schedule CG)

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