TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 47(xix) Exempts Certain Mutual Fund Unit Transfers from Tax During Scheme Consolidation</h1> Section 47(xix) of the Income Tax Act addresses the non-taxable status of certain transactions, specifically the transfer of units by a unit holder within a consolidating mutual fund scheme. This transfer is not considered a taxable event if it results in the allotment of units in a consolidated plan of the same mutual fund. The exemption applies when equity-oriented mutual fund plans merge with other equity-oriented plans, or debt-oriented plans merge with similar ones. Eligible mutual funds include those registered under the SEBI Act or established by public sector banks, financial institutions, or authorized by the Reserve Bank of India.
TaxTMI 
TaxTMI 
