Easy Office
LCI Learning

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?

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.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries