Mutual fund investment frm current account

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SosMe (Querist)
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24 May 2012 Im run a business as sole proprietor & maintain a current account wherein the business receipts are deposited.

I want to invest a portion of this amount into mutual funds & shares.Can i transfer funds from this current account for purchase of Mutual funds & shares?

If yes, do I have to show the investments made in the accounts & IT returns?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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25 May 2012 Yes you can make the investments.

These investments will be disclosed in your Balance Sheet at the time of filing the return.

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