11 August 2022
One of My clients has a balance in Mutual Fund-OTHERS M.V. around 50 Lakh, as on 31st March 2022-short term, purchase month March 2022 & sale month May 2022, Where i should declare this Investment in BS ended 31st March 2022? in Investment or other Asset of the Asset side of BS?
11 August 2022
In investment schedule where I show thee amount of Mutual Fund? It is short term investment and not investment in equity, preference share and debenture, as shown in format BS of ITR 3. Can I show this MF in other Current Assets field?
CAclubindia
