I switched from union bank mid cap growth fund to union bank long eguity fund on 26/03/2021 and it was accepted on same day but it is processed on 05/04/2021. In whitch F. Year I claim for deduction.
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Quick Summary
This discussion clarifies the financial year in which tax deductions can be claimed following a fund switch. The user switched from Union Bank Mid Cap Growth Fund to Union Bank Long Equity Fund on 26/03/2021, with the transaction accepted the same day but processed on 05/04/2021. The consensus is that the deduction can be claimed for FY 20-21 because the switch was accepted before the financial year ended.