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Mutual fund investment frm current account (Income Tax)

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This query is : Resolved


( Author )
24 May 2012

 Im run a business as sole proprietor & maintain a current account wherein the business receipts are deposited.

I want to invest a portion of this amount into mutual funds & shares.Can i transfer funds from this current account for purchase of Mutual funds & shares?

If yes, do I have to show the investments made in the accounts & IT returns?


Siddhartha Bhardwaj

( Expert )
25 May 2012

 Yes you can make the investments.

These investments will be disclosed in your Balance Sheet at the time of filing the return.



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