Mutual fund investment frm current account
This query is : Resolved
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?
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?
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.
These investments will be disclosed in your Balance Sheet at the time of filing the return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- CREDIT NOTES WITHOUT GST
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
