How Gold Exchange Traded Funds are treated from tax point of view???

When computing income tax, gold ETFs are treated as debt funds, not equity. 

On redemption, the units of gold ETFs held for more than a year qualify for a long-term capital gain tax of 11.33 per cent without indexation or 22.66 per cent with indexation which ever is lower.

 If you have made a short-term gain, which applies when the holding is less than a year, the short-term capital gain will be clubbed with the income of the individual investor, to be taxed in line with the applicable tax slab of the investor. 

So, the short-term capital gains will get added to your income and be taxed as per the income bracket you fall under.