Mandar (Senior Acountant) (47 Points)
15 June 2011Can any1 plz tel me what is taxabilty in case of mutual fund which is counted as units and we also took ded'n U/S 80-C, eg. i am investing 10000/- per month in Max New York Life Insurance and for tht i am getting accumlated Units for each premium. So on maturity what abt taxabiltiy 1)if i shown in Assets 2) if i debited to cap a/c every year. And tell me whether it is fully exepmt from tax?????? plz rly soon.........
Mandar
(Senior Acountant)
(47 Points)
Replied 16 June 2011
Can u plz explain my Question wid proper ans using suitable example.......specifically Max New York Life Insurance of whic i get units.
Mandar
(Senior Acountant)
(47 Points)
Replied 16 June 2011
and ya 1more thing can u plz let me knw what type of itr to be use for which source of income for A.Y.:2011-12.
ITR-1S,2,3,4,4S,5,6,7,8.
Please...thankx...
CAclubindia
