Making investments from current account
This query is : Resolved
24 May 2012
Im running a business as sole properitor & have a current account wherein the business receipts are deposited.
Is it allowable for me to make investments in Mutual funds by transferring funds from this current account?
Is it allowable for me to make investments in Mutual funds by transferring funds from this current account?
25 May 2012
Yes you can make the investments.
These investments will be disclosed in your Balance Sheet at the time of filing the return.
These investments will be disclosed in your Balance Sheet at the time of filing the return.
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