Stamp Duty on purchase of Mutual Fund
This query is : Resolved
Quick Summary
20 November 2020
What should be the accounting treatment of Stamp Duty on purchase of Mutual Fund both in Corporate A/c and Individual A/c. Please Advise
20 November 2020
Add it to the cost of investment.
03 December 2020
Sir, what journal entry shall be passed in respect of this in tally ?
04 December 2020
Debit Mutual fund investment and credit bank account.
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