Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2014
please see the details of the investment.
1)
Puchase Date 26/09/2012 INR 10,00,000/- Fund Name – BIRLA SUN LIFE DYNAMIC BOND – RETAIL PLAN – DIV REINVESTMENT.
Switch Out Date 17/05/2013 INR 10,72,877.37 Fund Name - BIRLA SUN LIFE DYNAMIC BOND – RETAIL PLAN – GROWTH.
Now the client wants to check in case we switch the fund to BIRLA SUN LIFE MEDIUM TERM PLAN. What will be the tax implications? LTCG or STCG?
1)
Puchase Date 26/09/2012 INR 10,00,000/- Fund Name – BIRLA SUN LIFE DYNAMIC BOND – RETAIL PLAN – DIV REINVESTMENT.
Switch Out Date 17/05/2013 INR 10,72,877.37 Fund Name - BIRLA SUN LIFE DYNAMIC BOND – RETAIL PLAN – GROWTH.
Now the client wants to check in case we switch the fund to BIRLA SUN LIFE MEDIUM TERM PLAN. What will be the tax implications? LTCG or STCG?
13 February 2014
it will be short term capital gains.
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