Mutual fund
This query is : Resolved
04 September 2011
I have Invest 1000Per Month In UTI Mutual Fund.
So, What treatment will we do in my Book Now and after maturity/Received the same what we will do in my book?
Thanks
So, What treatment will we do in my Book Now and after maturity/Received the same what we will do in my book?
Thanks
04 September 2011
For purchase of investment
Investment in UTI MF A/c Dr
To Bank
(with Rs.1000 every month)..
At maturity @loss-
Bank A/c Dr
Loss on sale of investment A/c Dr
To Investment in UTI MF
At maturity @profit-
Bank A/c Dr
To Investment in UTI MF
To Profit on sale of investment A/c
Do not forget to show this profit/loss in your income tax return..
Investment in UTI MF A/c Dr
To Bank
(with Rs.1000 every month)..
At maturity @loss-
Bank A/c Dr
Loss on sale of investment A/c Dr
To Investment in UTI MF
At maturity @profit-
Bank A/c Dr
To Investment in UTI MF
To Profit on sale of investment A/c
Do not forget to show this profit/loss in your income tax return..
04 September 2011
Thanks Sir
Any Deduction can be Take in U/s 80C on the same?
Any Deduction can be Take in U/s 80C on the same?
05 September 2011
UTI offers a lot of Mutual Funds.. Some of them are eligible and some of them are not..
So you either ask the advisor or read the documents you signed..
So you either ask the advisor or read the documents you signed..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
