Short term Mutual Fund investment and ITR4 Balance sheet
Hi. This has been quiet a confusing thing for me since long. How do we show in ITR4 Balance Sheet, A Mutual fund purchased in March i.e. year end or when we pay say the first Sip instalment in March, both clearly being a short term investment. Under head of Investment the options are Long term Investments and trade Investments. Trade Investments ask to list down equity, preference and debentures only.
There are two option: 1 either mention in other current asset OR
Based on Type of Mutual Fun i.e. Equity Mutual fund or Debt Mutual Fund, it has to be presented. Unit of Mutual fund is nothing a but a share of share. RIGHT