Comments on: Gold ETFs v/s Gold Mutual Funds

By: Kalpathy

Kalpathy — Fri, 27 Jul 2012 15:48:38 +0000

Dear Pankaj,

Thank you for your quick response. Your site is very very useful for me.
Regards

By: Pankaj Batra

Pankaj Batra — Fri, 27 Jul 2012 15:28:10 +0000

In reply to Kalpathy.

@Kalpathy
IDBI Gold fund is a mutual fund. If you have a demat account, you can better invest via Gold ETFs.

By: Kalpathy

Kalpathy — Fri, 27 Jul 2012 15:11:53 +0000

Dear Pankaj,
Can you give your opinion onIDBI Gold Fund? Are there any bettr schemes?
Regards
Kalpathy

By: Pankaj Batra

Pankaj Batra — Tue, 10 Jul 2012 14:14:58 +0000

In reply to Nitin.

@Nitin
E-Gold is also good. But investment is complicated. You need to open a separate account for this.
Most of the online brokerage companies and demat does not support investment in e-gold.

By: Nitin

Nitin — Tue, 10 Jul 2012 13:42:17 +0000

In reply to Pankaj Batra.

Thanks for the reply, Pankaj. Whats your opinion/ view about E-GOLD?

By: Pankaj Batra

Pankaj Batra — Tue, 10 Jul 2012 13:22:00 +0000

In reply to Nitin.

@Nitin
Gold ETF would be better option because of low additional charges levied.

By: Pankaj Batra

Pankaj Batra — Tue, 10 Jul 2012 12:32:45 +0000

In reply to Amar.

@Amar
As of now this is the only acceptable deduction on employee owned car used for commuting to work.
Reimbursement for some other employees like Sales people may be done higher as travelling is part of their work. In Income tax calculator, no limit has been put on deduction, but user can put limits himself in cell C54 and cell 56.

By: Nitin

Nitin — Tue, 10 Jul 2012 06:04:34 +0000

What would be better from an investment POV, buying a Gold ETF or buying E-Gold (where you can convert it into physical gold when you want) or or a Gold Mutual Fund

By: Amar

Amar — Sat, 07 Jul 2012 18:14:35 +0000

In reply to Pankaj Batra.

Hi Pankaj, Thanks for your prompt reply.
I am bit confused, my company has a car reimbursement and Driver salary component as part of the salary structure, which is very high amount than 1800 + 900 (it is around 7 times more). Why would they allow me to claim more than 1800+900, if anything above that is taxable. Also, I have used your tax calculator FY 2012-13, as per this entire amount for Car Reimbursement and Driver Salary falls under “Non – Taxable Allowances”. Can you please help me understand this.

By: Pankaj Batra

Pankaj Batra — Sat, 07 Jul 2012 05:53:26 +0000

In reply to Amar.

@Amar
Whole reimburse amount is not tax free. Only up to Rs 1800 (and 2400 in case of car with more than 1600cc engine) per month is non taxable for car maintenance and fuel expenses. Rs 900 per month is non taxable for driver allowance.
So only 1800+900 would be non-taxable maximum in case of a car less than 1600cc engine.