banner_ad

Mutual fund

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 September 2011 I have Invest 1000Per Month In UTI Mutual Fund.
So, What treatment will we do in my Book Now and after maturity/Received the same what we will do in my book?

Thanks
Profile Image

Iqbal Singh Grover

Profile Image

Iqbal Singh Grover (Expert)
04 September 2011 For purchase of investment

Investment in UTI MF A/c Dr
To Bank
(with Rs.1000 every month)..

At maturity @loss-
Bank A/c Dr
Loss on sale of investment A/c Dr
To Investment in UTI MF

At maturity @profit-
Bank A/c Dr
To Investment in UTI MF
To Profit on sale of investment A/c

Do not forget to show this profit/loss in your income tax return..
Profile Image

NITIN

Profile Image

NITIN (Querist)
04 September 2011 Thanks Sir

Any Deduction can be Take in U/s 80C on the same?
Profile Image

Iqbal Singh Grover

Profile Image

Iqbal Singh Grover (Expert)
05 September 2011 UTI offers a lot of Mutual Funds.. Some of them are eligible and some of them are not..
So you either ask the advisor or read the documents you signed..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 27 April 2026
CA Articled Assistant

GM Corporate Solutions

Noida

CA Final

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
25 April 2026
Tax Executive/Manager

BDMV & Co, Chartered Accountants

Mumbai

CA Final

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details