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Applicability of capital gain
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....pplicability of capital gain<br> Query (Issue) Started By: - DEBABRATA ROY Dated:- 2-8-2008 Last Reply Date:- 4-8-2008 Income Tax<br>Got 3 Replies<br>Income Tax<br>Whether switching to another find in....
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.... mutual fund for a portfolio leads to transfer and to invite capital gain or loss even if no transaction takes place? Reply By CA GOPAL JI AGRAWAL: The Reply: No,since for transfer, there must be two....
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.... parties, transferer and transferee hence one can not transfer any asset to oneself. Reply By DEV KUMAR KOTHARI: The Reply: If a unit holder switches from X units to Y unit- there is exchnage involvin....
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....g two transactions - sale of X unit and purchase of Y unit. Therefore, computation of profit or loss or capital gain or loss has to be made for transfer of X unit. Consideration being agreed value of ....
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....Y units acquired in exchnage of X. In case there is a conversion by MF, then matter can be different, in that case the cost of original units will become cost of new units and the period of holding w....
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....ill be reckoned from date of acquisition of old units. Reply By V Ramanujam: The Reply: Switching of fund scheme even within the Fund is also equal to transfer and would attract capital gains/loss pro....
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....visions.<br> Discussion Forum - Knowledge Sharing ....