REGARIDNG MUTUAL FUND

This query is : Resolved

Suresh S. Tejwani (Querist)
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28 July 2022 in Annual Information Statement of mr. x total Sale of securities and units of mutual fund is rs. 100 which includes fund switch-out not actually redeemed and actual redemption is rs. 80

1. how to treat this in income tax return ?
2. what if mr. x received dividend on shares which held before 31/01/2018 should we need to calculate godfather provision ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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29 July 2022 1. Switch out is considered as sell of units held, & the purchase of new units on applicable date. So, consider it under sales.
2. For dividend there is no god-fathering. It is to applied if there is sell out.

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