Dear Sir/Madam
I have switched some of my Mf equity fund from regular to direct scheme. Now suppose my purchase price of one regular scheme is 25000 and my Switch value to direct scheme is 36038.76 and Grandfathering (NAV as on 31.01.2018) is 44217.61 and I have Loss (LTCG) of 8178.85. Now will I get this Loss (LTCG) carried forward to subsequent eight years for set-off against LTCG.
As per grandfathering provision your loss will be nil, as the COA in this case is lower of GFP or Net sell consideration. Fill schedule 112A, it automatically calculates the gain/loss.
CAclubindia
