MMCA, I have one question.
For example:
1) Fresh investment in one Financial year in ICICI Fund X = Rs 150,000/-
2) 4 year old existing ICICI Fund Y, switch in same financial year = Rs 100,000/-
So fresh investment ICICI Fund X + old ICICI fund Y switch = Rs 250,000/-
Does this quality for AIR?
I believe IT deptt looks at 'fund switch' as 'redemption + reinvestment'.
Hence the question.