18 August 2009
My mutual fund investments for F.Y. 08-09 exceed Rs. 2 Lakhs. My investments are in liquid funds where I frequently invest and withdraw. e.g 1. Invested Rs.10 Lakhs 2. Withdrawn Rs. 9 Lakhs 3. Invested Rs. 8 Lakhs
In the return while disclosing the MF investments over Rs. 2 Lakhs do I show it an gross investments (Rs. 18 Lakhs) or as net (Rs.9 Lakhs) for the above example.
CAclubindia
