Dear Sir,
We Invest 5,00,000/- in Mutual Fund, as in NAV has decreased last 2 months respetivley, presently the market vakle is Rs. 4,50,000/- so how we can show this entry in tally , whether the diffence amount can show in Short Term Capital Loss ? or how to show the decreased amount in tally ?
Any gain or loss is calculated only at the time of redemption. Till that period the investment value remains same...
Thanks for the clarification Sir.
My pleasure.....
Dear Sir, We are investing in mutual funds every month Rs.5000/- from 2014 on wards. Total units as on June-2017 is 7353 and we redeemed 4045 units. How to account these entry. NAV as on June-2017 is Rs.37.
Dear Sir,
How to account switch out and switch in of Mutual funds.
Switch out
No of Units: 10000
Price: 14.9850
Total :149848.50
Switch in:
No of Units 4677.941
Price: 32.033
Total Amount: 149848.50
Please gude me how to account above switch out and switch in of mutual funds.
| Originally posted by : Shiva Karnati | ||
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Dear Sir, We are investing in mutual funds every month Rs.5000/- from 2014 on wards. Total units as on June-2017 is 7353 and we redeemed 4045 units. How to account these entry. NAV as on June-2017 is Rs.37. |  |
Check your statement as on June 30, 2017.....
Also download/request for capital gains statement for FY 2017-18......
You will be clear about the entries......... or come back for clarification........
Good luck ...
When there is switch out of scheme 'A' with switch in of scheme 'B' ....
Scheme 'B' 149848.50 Dr.
Cr. Scheme 'A' 149848.50 .......
Dear Sir, Initial investment for Scheme A is Rs. 100000/- only . At the time of Switch out the prices was Rs.149848.50/-. What should we treat this difference as Capital gain?
Yes, If initial investment of Scheme 'A' is 1 lakh for the switched units..
Scheme 'A' 49848.50 Dr.
Cr. LT/ST capital gains 49848.50
Thank You SIr.
Welcome, Dear .....
Same question. If you got clarification please give answer to me as well
CAclubindia
