Fri, Apr 13, 2018
When you sweep funds out of an equity or debt fund it will be treated as a sale and taxed accordingly. If you are sweeping money out of debt/liquid funds into equity then any sale before three years will be short-term capital gains (STCG) and will be taxed as per your slab rate. Alternatively, any sale after three years will be LTCG and will attract tax at 20% after indexation.
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