Tax Liabilities for NRIs Investing in Gold ETFs
- If you wish to claim deduction as an NRI you may invest in capital gains under saving bonds which will help you claim exemption under Section 54EC.
- If you are living in Middle-East then you may have to put some effort to find out if you can sell gold in the country of your residence. Doing this would exempt you from paying income tax. There is no export duty when you take gold outside India however; you need to be sure of import duties in the country of your residence.