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Mutual funds capital gains
is switch in or switch out from one scheme of mutual fund to another scheme treated as capital gains?
Replies (8)
Quick Summary
Yes, it is equivalent to 'Redemption with new purchase'
Ok...thank u Sir😊
My Pleasure ....
Yes, it will be treated as capital gain.
Thank u Mam😊
Switch out from one account to other is like selling one and buying other. Same is also taxable under head capital gain
Thank u Mam😊
Welcome Bhavika
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