Consolidation of plans within a scheme of mutual fund :
| CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
| 3 & 25 | Consolidation of plans within a scheme of mutual fund |
2(42A) (B) (hg)& Section 49 (c )(2F) |
Amendment | 01/04/2017 (A.Y. 2017-18) |
1. Cost of acquisition of the units in the consolidated plan of mutual fund scheme referred to in section 47(xix) shall be the cost of units in consolidating plan of mutual fund scheme 2. Period of holding of the units of consolidated plan of mutual fund scheme shall include the period for which the units in consolidating plan of mutual fund scheme were held by the assessee. |