Will I be taxed twice for protecting the money needed to reach my long-term goal?

Most of my money is in equities. Now, if three years before retirement, I move it to a debt fund, I believe I will have to pay capital gains tax as the gains are likely to be more than the basic exemption limit of Rs 1 lakh. But then later, will I be taxed again if I set up a Systematic Withdrawal Plan (SWP) from the liquid fund to my bank account? - Anonymous