Babul Roy (Business) 16 June 2019
All of my mutual fund investments are in STP (Systematic Transfer Plan) format. I prepare the income tax returns (including the calculations of short/long term capital gains from capital gain statements) manually every year. Is it possible to do all of these accounting in Tally ? N what is the best software available for mutual funds accounting?
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Raj C Doshi (Practising CA) 17 June 2019
It can be done in tally. you need to account all the transactions in tally as per the mutual fund transaction report. And then calculate and pass long term short term capital gains entries on a fund by fund basis.