Learn how can one benefit by investing in Mutual Funds. With equity, debt, tax and hybrid funds, one can invest as per their requirement to achieve their goals. Watch this video and invest wisely.
Capital gains on sale of units due to merger of schemes As consolidation of schemes takes place, there is good news for investors. "Merger or consolidation of schemes in order to re-categorise existing schemes as per Sebi orders would not attract any capital gains tax, either short-term or long-term, in the hands of the investor. The government had already amended section 47 of the Income Tax Act to exempt the capital gains arising from the merger or consolidation of mutual fund schemes. with effect from April 1, 2016.. What this means is that when a scheme is merged, you will not be taxed on the long and short term gains you will make whenever you will sell the units.
The share sale of the state-owned firm to raise about Rs 466 crore received bids for over 169 crore shares against the total issue size of 2.52 crore shares, resulting in a total subscription of 67.12 times, NSE data till 1945 hrs showed. from Moneycontrol IPO News https://ift.tt/2MbEHIj
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