Switching of units of Mutual Fund Tax Implication.
Umang Raj (Chartered Accountants ) (79 Points)
20 April 2019If not, what kind of merger or consolidation of funds is exempt under section 47 clause xviii.
Umang Raj (Chartered Accountants ) (79 Points)
20 April 2019
satya
(service)
(72 Points)
Replied 20 April 2019
P M Panchal
(other)
(291 Points)
Replied 21 April 2019
1. Its taxable u/s. capital gains.
2. In case of merger or consolidation by fund house it is not treated as transfer in the hands of investor.
Umang Raj
(Chartered Accountants )
(79 Points)
Replied 21 April 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174190 Points)
Replied 21 April 2019
Switch is demanded by you. while for merger fund house has to take SEBI permission.
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