Redemption of hdfc balnced advantage fund


This query is : Resolved 

Quick Summary
This discussion details the redemption of units from the HDFC Balanced Advantage Fund. It outlines the initial purchase of HDFC Prudence Fund units, a subsequent switch due to a merger into the HDFC Balanced Advantage Fund, and the final redemption. The key information sought and provided includes the Cost of Acquisition, the year of purchase (June 2018), and the calculated Long Term Capital Gains (LTCG) for the assessment year 2024-25.

06 August 2024 Assessee purchased on 15/12/2017 24786.219 units of HDFC Prudence Fund- Regular plan unit price 32.2760 costing Rs.800000. On 1/6/2018 Switched out (Merger) HDFC Prudence Fund NAV/UNIT 29.267 Amount in INR 725418.28.. On the same day switch - in (Merger) HDFC Balanced advantage Fund-Div NAV/Unit 30.4840 and units allotted 23796.689 amounting Rs.725418.28.
On 22/2/2024 Assessee redeemed all 23796.689 for Rs.907049.39 . I want to know Cost of acquisition , year of purchase & LTCG for asst year 2024-25

06 August 2024
1. COA. Rs. 7 Lakhs 25 Thousand ,,,,,
2. June 2018
3. LTCG. Rs. 1 Lakh 81 Thousand .....

28 August 2024 Good luck.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details