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Treatment of redemption of mutual funde of an individual

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(Querist)
31 March 2015 what is the treatment of redemption of mutual funds or where should i show the amount received from redemption of mutual funds.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 March 2015 http://taxguru.in/income-tax/tax-benefits-investing-mutual-funds.html

can refer this link for same.
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piyush kr. singh

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piyush kr. singh (Querist)
31 March 2015 thanks sir but i want treatment in accounts. where shouls i show it balance sheet or profit & loss?



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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 March 2015 it was an investment which you had shown under investments so on redemption u need to credit the mutual fund and dr bank a/c and the profit or loss must be treated in profit and loss a/c
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piyush kr. singh

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piyush kr. singh (Querist)
31 March 2015 thanks sir. i am satisfied
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 March 2015 you are welcome piyush...............

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