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Stamp Duty on purchase of Mutual Fund

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(Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 November 2020 Add it to the cost of investment.
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Parmod Kumar Show

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Parmod Kumar Show (Querist)
03 December 2020 Sir, what journal entry shall be passed in respect of this in tally ?



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 December 2020 Debit Mutual fund investment and credit bank account.

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