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
http://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...............
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