IT rule while transfering fund from one scheme to other
This query is : Resolved
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
Regards
Hemant
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.
So, any gain arising out of any switch, will be exempt, if STT is paid on transfer.
15 September 2010
But if STT is not paid, then the gain will be taxed @ 10 % or
@ 20%(if indexation benefit is taken)
@ 20%(if indexation benefit is taken)
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