Treatment of redemption of mutual funde of an individual
This query is : Resolved
31 March 2015
what is the treatment of redemption of mutual funds or where should i show the amount received from redemption of mutual funds.
31 March 2015
https://taxguru.in/income-tax/tax-benefits-investing-mutual-funds.html
can refer this link for same.
can refer this link for same.
31 March 2015
thanks sir but i want treatment in accounts. where shouls i show it balance sheet or profit & loss?
31 March 2015
it was an investment which you had shown under investments so on redemption u need to credit the mutual fund and dr bank a/c and the profit or loss must be treated in profit and loss a/c
31 March 2015
thanks sir. i am satisfied
31 March 2015
you are welcome piyush...............
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Tax liability on income of freelancer
- GST ON DAMAGED GOODS
- Loan by Partnership Firm
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
