https://www.taxtmi.com/forum/issue?id=852 Applicability of capital gain hinges on whether switching between mutual fund schemes is a transfer. Some treat switching as no transfer to oneself; others characterise it as sale of original units and purchase of new units, requiring computation of capital gain with the agreed value of new units as consideration. If the fund effects a conversion, original cost and holding period carry over to new units. en-us Sat, 02 Aug 2008 13:47:51 +0530 Thu, 23 Jan 2025 15:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=852 Applicability of capital gain hinges on whether switching between mutual fund schemes is a transfer. Some treat switching as no transfer to oneself; others characterise it as sale of original units and purchase of new units, requiring computation of capital gain with the agreed value of new units as consideration. If the fund effects a conversion, original cost and holding period carry over to new units. Discussion-Forum Income Tax Sat, 02 Aug 2008 13:47:51 +0530 https://www.taxtmi.com/forum/issue?id=852