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 Topic
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
Related Topics
CAclubindia
