@him_arora & Team,
Gone through your today’s video for STP method of Investing.
If fund is transfer from “Liquid Fund” to other “Assets classes” then will it not attract Standard “The GoI & Exchange tax + DP charge etc” ??
Systematic Transfer Plans (STPs) triggers the tax liabilities, as each transfer is treated as a partial sale of mutual fund units. These transactions are reflected in the AIS (Annual Information Statement) and may be classified as short-term or long-term capital gains depending on the holding period. What’s the best way to manage or optimize this from a tax planning perspective?
If this also cover to educate, then it will be more helpful in planning the process of Investing… Thanks