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