Mutual fund
This query is : Resolved
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
So, What treatment will we do in my Book Now and after maturity/Received the same what we will do in my book?
Thanks
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..
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..
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..
So you either ask the advisor or read the documents you signed..
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