Merits and demerits of Gold Deposit Scheme

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Merits of Gold Deposit Scheme

1. Income from Gold Certificate scheme is exempt from tax.

2. No wealth tax for the Gold deposited by you.

3. Income from Gold Deposit Scheme is exempt from Capital gain tax.

4. No need to fear of loss of theft.

5. Generate regular income from Gold, at the same time get the benefit of regular increase in the price of Gold.

 

Demerits of Gold Deposit Scheme

1. Interest rate for Gold Deposit Scheme is too low.

2. You can't get back the original model of Gold jewelery.

3. The money you invested in Gold jewelery, if it is kept in Fixed deposit, would have fetched you more returns.

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5. Gold Mutual Funds Invest Online
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3. HDFC Gold Fund