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Investment in mutual fund

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(Querist)
30 June 2008 Whether investment in mutual fund can be regarded as trading in mutual fund and treated as business income where mostly units are held for long term barring one or two short term
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
30 September 2008 It depends whether u have treated same as stock in trade in your previous file balnce sheets

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