Mutual funds capital gains
Bhavika Tourani (Student) (159 Points)
08 July 2022
is switch in or switch out from one scheme of mutual fund to another scheme treated as capital gains?
8 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195640 Points)
Replied 08 July 2022
Yes, it is equivalent to 'Redemption with new purchase'
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 08 July 2022
Yes, it will be treated as capital gain.
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 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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