I have been investing since 2012 in multiple Mutual Fund which were done with several agents (basically friends and relatives). It is hard for me to keep a track of my entire portfolio and would like to shift the same to COIN App to have a single view and control over my portfolio.
Can I do a direct transfer to COIN without selling off the units and booking Capital Gains on the same? Or do I need to sell the units with the Agents and then re-purchase the same from COINS App?
How will the taxation be treated in case I need to sell the units. As those are all SIPs, the date of purchase will be varied over several years.
If I sell the units and re-invest the proceeds to buy Mutual Funds immediately, will I get an exemption on Capital Gains? I know there is a similar provision for House Property for tax harvesting but not sure about the same for Equity and Mutual Funds.
It would be great if you could provide some more clarity on my questions along with the relevant Income Tax Sections and Rules.