https://v2.webnotes.in/tags/switch-tax/Recent content in Switch Tax on WebNotesHugoen-INTue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-handle-switch-tax-itr/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-handle-switch-tax-itr/<p><strong>Switch transactions in ITR</strong> are treated as deemed redemptions (capital gain on source) plus deemed subscriptions (new cost basis for target). Each switch is a taxable event. Reporting in Schedule CG follows the standard equity / debt classification.</p> <p><strong>Conflict-of-interest disclosure.</strong> This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or tax service. No affiliate commission is earned.</p> <aside class="callout callout--note" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Switch transactions during FY documented.</li> <li>AMC capital gains statement showing switches.</li> <li>ITR-2 / ITR-3 with Schedule CG.</li> <li>Cost basis tracked.</li> </ul> </div> </aside> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <p>See the procedure infobox above.</p>