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Mutual Fund declaration in BS

This query is : Resolved 
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(Querist)
11 August 2022 One of My clients has a balance in Mutual Fund-OTHERS M.V. around 50 Lakh, as on 31st March 2022-short term, purchase month March 2022 & sale month May 2022, Where i should declare this Investment in BS ended 31st March 2022? in Investment or other Asset of the Asset side of BS?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 August 2022 If you are filing ITR 3, then its possible to declare, otherwise there is no requirement of any BS declaration.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
11 August 2022 Show it as investment
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Dibyendu Majumder

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Dibyendu Majumder (Querist)
11 August 2022 In investment schedule where I show thee amount of Mutual Fund? It is short term investment and not investment in equity, preference share and debenture, as shown in format BS of ITR 3. Can I show this MF in other Current Assets field?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
23 August 2022 Yes you can show it under CA
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