The e-Gold units will be treated as Gold for tax purposes. The units should be held for more than 36 months for availing the confessional tax treatment accorded to long term capital gains and for exemption eligibility under Section 54 F or 54 EC of Income Tax Act, 1956
You also need to factor in wealth tax implications. Gold and silver bars and coins as well as jewellery are liable to wealth tax. You will have to pay wealth tax on the market value of the electronic units lying in your account as on March 31 of each year, if the total value of your taxable wealth together with market value of e-Gold exceeds Rs 30 lakh.
The tax payable being 1% of the market value of the assets exceeding Rs. 30 lakh. Such tax is payable each year on the assets so held as on 31 March of that year.
Tax implications on Fixed Maturity Plans
Tax Implications on mutual Fund Gains