CA. Manthan Ruparelia (Chartered Accountant) (94 Points)
15 January 2009Do any one know that is there any Capital Gain is Attracted if An individual Transfer his MF from one Scheme to Another Scheme in Same company within one Year.
PiyushAgrawal
(Chartered acooutant in practice)
(575 Points)
Replied 15 January 2009
| Originally posted by :Man | ||
| " | Do any one know that is there any Capital Gain is Attracted if An individual Transfer his MF from one Scheme to Another Scheme in Same company within one Year. |
" |
yes it.
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 16 January 2009
It depends on whether it is EOF or debt oriented scheme.. Further, the period of holding is also important..
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 16 January 2009
Pavan Jain is right !! It depends on the tenure and structure of scheme
CA Mukesh Jain S
(Chartered Accountant in Practice)
(692 Points)
Replied 10 September 2010
Yes it is taxable because, exchange of an asset is considered as Transfer as defined under the act
Period of holding is also imp to consider it as STCG or LTCG
CAclubindia
