Transfer by a unit holder in the consolidating plan of a mutual fund scheme - (New) Section 70(1)(zk) / (Old) Section 47(xix)

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....action not regarded as transfer Transferor  Capital asset involved What is the cost in the hands of transferee 70(1)(zk) Transfer of a capital asset by a unit holder, being a unit or units, held by him in the consolidating plan of a mutual fund scheme, in consideration of the allotment to the unit holder of a capital asset, being a unit or units, in the consolidated plan....

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....ecified in Schedule VII (Table: Sl. No. 20 or 21). • (i) a Mutual Fund registered set up under SEBI Act, 1992 or regulation made thereunder; • (ii) Such other Mutual fund set up by public sector bank or public financial institution or authorised by the Reserve Bank of India and subject to conditions notified by the Central Government. Under Section 47(xi....