Investment in mutual funds

Tax queries 406 views 1 replies

What is the difference between the following two options given the fact that Proprietor's personal income is clubbed with the Proprietory Firm's income when filing income tax return?

- Proprietory Firm A invests in mutual funds in it's name & generates short term return

- Proprietor of A invests in mutual funds in his/her name & generates short term return

Replies (1)

If the income is clubbed, then STCG would also be clubbed.  Doesn't make any difference.


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