As part of CNBC-TV18’s special series ‘Investing@20’, Sumaira Abidi talks about core lessons in investing in gold.
Tax eats away on an average of 10-15 percent returns that we make on most investments, but there are two such avenues where capital gains tax can be exempt. One is insurance and the second surprise is gold.
Gold, which most Indians invest in through the physical form of coins or bars, can be switched from being a taxable asset to an exempt one by changing the form of holding. This means that the conversion of gold investment from physical form to paper form makes it tax-exempt.