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IT rule while transfering fund from one scheme to other

This query is : Resolved 
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(Querist)
15 September 2010 I have few reliance mutual funds ,few of them 3 years old ,Now i want to switch these funds to others performing well ,what is the better way to switch to minimize the tax intervention

Regards
Hemant
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
15 September 2010 Since its 3yrs old investment, its a long term.

So, any gain arising out of any switch, will be exempt, if STT is paid on transfer.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
15 September 2010 But if STT is not paid, then the gain will be taxed @ 10 % or
@ 20%(if indexation benefit is taken)
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