Does switching of units under mutual fund from one scheme to another scheme exempt under section 47.
If not, what kind of merger or consolidation of funds is exempt under section 47 clause xviii.
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.
Switch is demanded by you. while for merger fund house has to take SEBI permission.
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