Do any one know that is there any Capital Gain is Attracted if An individual Transfer his MF from one Scheme to Another Scheme in Same company within one Year.
Menu
Capital Gain on Switch in Switch out of Mutual Fund
Replies (5)
yes, it will attrack capital gain.
| Originally posted by :Man | ||
| " | Do any one know that is there any Capital Gain is Attracted if An individual Transfer his MF from one Scheme to Another Scheme in Same company within one Year. |
" |
yes it.
It depends on whether it is EOF or debt oriented scheme.. Further, the period of holding is also important..
Pavan Jain is right !! It depends on the tenure and structure of scheme
Yes it is taxable because, exchange of an asset is considered as Transfer as defined under the act
Period of holding is also imp to consider it as STCG or LTCG
Recent Threads
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
Related Threads
CAclubindia
