if I get transfer 10+ worth of MF from one of my friend to my account.
who is going to pay tax if that is in profit? Any ideas?
or only at the time of selling I need to pay tax?
Hi @Ravi_Shankar If the mutual funds are just transferred like a gift, there’s no tax at the time of transfer. But if it’s treated as a sale, then the person transferring may need to pay capital gains tax. Further, you will only have to pay tax when you sell the mutual funds in the future.
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