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Mutual funds capital gains

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Student
160 Points Posted on 08 July 2022
is switch in or switch out from one scheme of mutual fund to another scheme treated as capital gains?
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On 08 July 2022 at 14:13 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 08 July 2022

Yes, it is equivalent to 'Redemption with new purchase'

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On 08 July 2022 at 14:24
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Student
160 Points Posted on 08 July 2022
Ok...thank u Sir😊
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On 08 July 2022 at 14:47
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SEO Sai Gr. Hosp.
211715 Points Posted on 08 July 2022

My Pleasure ....      

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On 08 July 2022 at 15:30
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Chartered Accountant
5010 Points Posted on 08 July 2022

Yes, it will be treated as capital gain. 

1 Reply
On 08 July 2022 at 16:19
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Student
160 Points Posted on 08 July 2022
Thank u Mam😊
1 Reply
On 08 July 2022 at 19:45
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Chartered Accountant
86505 Points Posted on 10 July 2022
Switch out from one account to other is like selling one and buying other. Same is also taxable under head capital gain
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On 10 July 2022 at 17:02
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Student
160 Points Posted on 11 July 2022
Thank u Mam😊
1 Reply
On 11 July 2022 at 08:23
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Chartered Accountant
86505 Points Posted on 11 July 2022
Welcome Bhavika
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On 11 July 2022 at 08:33


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