https://v2.webnotes.in/categories/switch/Recent content in Switch on WebNotesHugoen-INSun, 17 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-switch-ppfas-schemes/Sun, 17 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-switch-ppfas-schemes/<p>A switch between two <a href="https://v2.webnotes.in/ppfas-mutual-fund/">PPFAS Mutual Fund</a> schemes is an intra-AMC redeem-and-buy executed atomically: same business day, no out-of-market gap, no money returning to your bank account in between. Operationally cleaner than a manual sell-then-buy. But the tax treatment is unchanged: the redemption leg crystallises capital gains exactly as a regular redemption would, and you pay tax on those gains in the year of the switch. Investors sometimes treat switches as a tax-free reshuffle on the assumption that nothing left the AMC; that assumption is wrong. The Income Tax Act treats the switch leg as a transfer.</p>