Any transfer by a unit holder of a capital asset, held by him in the consolidating scheme of mutual fund - (New) Section 70(1)(zj) / (Old) Section 47(xviii)

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....Income Tax Act, 2025 [ From 01.04.2026 ] Section Transaction not regarded as transfer Transferor Transferee Capital asset What is the cost in the hands of transferee 70(1)(zj) Transfer of a capital asset by a unit holder, being a unit or units, held by him in the consolidating scheme of a mutual fund, in consideration of the allotment to the unit holder of a capita....

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....oard of India (Mutual Funds) Regulations, 1996 made under the Securities and Exchange Board of India Act, 1992; • (c) "equity oriented fund" means a fund- • (i) where the investible funds are invested by way of equity shares in domestic companies to the extent of more than 65% of the total proceeds of such fund, for which the percentage of equity shareholding shall b....

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....t (units), in the consolidating scheme of mutual fund. unit holder unit holder Units the cost of acquisition of the asset shall be deemed to be the cost of acquisition to him of the unit or units in the consolidating scheme of the mutual fund NOTE:- Condition for the Purpose of this Scheme  • The consolidation must be of two or more schemes â€....