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Are you taxed twice when switching from 'regular' to 'direct' mutual funds?

Understanding taxation when switching mutual fund plans

Do you pay double tax when switching mutual fund plans?AI-generated image

हिंदी में भी पढ़ें read-in-hindi

I recently switched some of my mutual fund units to direct plans. Since the switch is treated as a redemption, I had to pay tax on the gains at that time. My concern is: when I eventually redeem these units in the future, will I have to pay tax again? Won't this amount to double taxation? - Rajan

This article was originally published on December 30, 2024.


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