How to treat it and what will be the entry in books of accounts
This query is : Resolved
07 January 2023
Invested in Mutual fund
ICICI Prudential Mutual Fund Rs. 10,00.000/-
SBI Mutual Fun Rs. 10,00,000/-
Now Received For Rs. 13,30,500.50 ICICI Mutual Fund
11,10,185.75 SBI Mutual Fund
My question is that How to make its entry for excess Received.
ICICI Prudential Mutual Fund Rs. 10,00.000/-
SBI Mutual Fun Rs. 10,00,000/-
Now Received For Rs. 13,30,500.50 ICICI Mutual Fund
11,10,185.75 SBI Mutual Fund
My question is that How to make its entry for excess Received.
07 January 2023
Consider the excess amount as capital gains.
Less than one year short term capital gains more than one year long term capital gains.
Less than one year short term capital gains more than one year long term capital gains.
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