Mutual fund: Income tax rules on switching to another plan of same scheme

  • February 15, 2022
  • CA Chandan Agarwal's Office

The investment made by you in the other option of the same scheme by switching the old ELSS into new ELSS scheme will be eligible for tax benefits under Section 80 C as this is treated as fresh investment

If I switch some amount from my existing tax saving scheme to same tax saving scheme of the same fund house but different option i.e. from dividend payout to growth option, can I claim tax benefit in respect of the shifted amount? My taxable income is below 5 lakh including profits on ELSS investment being switched.

Source: https://www.livemint.com/mutual-fund/mf-news/mutual-fund-income-tax-rules-on-switching-to-another-plan-of-same-scheme-11644656157206.html
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