A/c entry of mutual fund

Jacky Singh (Assisstant) (107 Points)

23 November 2014  

Suppose I've invested Rs.1,00,000.00 in a Mutual Fund on 01/04/2010 and the same amount again on 01/04/2011 & 01/04/2012, totalling my investment to Rs. 3,00,000.00. Now, I redeem it on 31/03/2012 for which I receive Rs.4,50,000. How can I show all the entries in accounting?

Also, how much of all the investments and its dividend exempted from income tax ?

Thanks in advance.