Treatment of redemption of mutual funde of an individual

This query is : Resolved

piyush kr. singh (Querist)
Follow

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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

31 March 2015 http://taxguru.in/income-tax/tax-benefits-investing-mutual-funds.html

can refer this link for same.

piyush kr. singh

piyush kr. singh (Querist)
Follow

31 March 2015 thanks sir but i want treatment in accounts. where shouls i show it balance sheet or profit & loss?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

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

piyush kr. singh

piyush kr. singh (Querist)
Follow

31 March 2015 thanks sir. i am satisfied

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAJENDRA PARAKHI

kambamcr@gmail.com

Sidhartha sankar pillai

P.S.Satya narayana

J.Vijai

Subscribe Now

Treatment of redemption of mutual funde of an individual

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Article Assistant

GST CONSULTANT

Accountant

CA Final

Manager- Finance and Compliance