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switch out in mutual fund be treated as transfer u/s 2(47)

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(Querist)
19 May 2011 Whether swith out from one mutual fund to other fund will amount to capital gain.
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
19 May 2011 TECHNICALLY SPEAKING IT IS A TRANSFER UNDER THE EYES OF LAW
HENCE CAP GAIN WILL BE LEVIABLE
CA MANOJ GUPTA
JODHPUR
09828510543

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