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Change of preference in NPS
If I change my investment preference in NPS then will the said amount be taxable?
Replies (6)
Quick Summary
Which amount????
My entire principal amount
do you mean you want to change the asset allocation or fund manager?
then the answer is NO.
Please elaborate your question?
I mean to say that I have my fund in a segment and I want to transfer my portfolio to another segment like say from debt to equity. So then will the amount so transferred be taxable?
No it should not be taxable.
Which type of account you are maintaining in NPS ie Tier 1 or Tier 2.
Yes you can do so.
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