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mutual fund

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22 May 2008 can STT deducted on the redemption of mutual fund can be claimed as an expenes in the books. and dividend rece. on it is exempt. fron tax?

plz tell me that my books of account is showing the value of investment Rs, 501471/- but as per bank portfolia it is Rs. 1104571/- how can i adjest these difference( it may be for reinventment of dividend and STT)

22 May 2008 if mutuak fund is ur investment then it is not allowed as exp.
& it is nothing to do with market value.

30 May 2008 plz give me correct sugession




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