Save short term gain tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 April 2015 Now that Mutual fund long term gain period is increased from 1 year to three years many AMC have rolled over investments in FMP by another 2-3 years
However Wherever the redemption has taken place, can one put aLL that amount redeemed into another FMP FOR 2-3 YEARS to avoid tax on the one year short term capital gain and pay long term CAPITAl GAIN TAX ONLY AFTER 3 YEars--SAVE SHORT TERM CAPITAL CAIN

16 April 2015 This is not allowed tax on short term capital gain has to be paid.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2015 Is it that roll over of one year FMP by companies by two years would attract short term gain tax
Kindly clarify

17 April 2015 Roll over would not attract short term gain tax.


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