IT rule while transfering fund from one scheme to other

This query is : Resolved

Hemant (Querist)
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15 September 2010 I have few reliance mutual funds ,few of them 3 years old ,Now i want to switch these funds to others performing well ,what is the better way to switch to minimize the tax intervention

Regards
Hemant

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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15 September 2010 Since its 3yrs old investment, its a long term.

So, any gain arising out of any switch, will be exempt, if STT is paid on transfer.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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15 September 2010 But if STT is not paid, then the gain will be taxed @ 10 % or
@ 20%(if indexation benefit is taken)

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