Interested to Buy Any Domain ? << Click Here >> for more details...
What Does Phantom Gain Mean?
- 2 Answers
- 6962 Views
- CompuCom, Ernst Young, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / bjanmejai
when a gain on an investment is offset
by a loss in the same investment, which
usually comes from an income tax provision.
Phantom gains are named as such because
there is no actual return, although it
may initially seem otherwise.
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / jaishree
Phantom gains are capital gains on which you owe tax even if your actual return on the investment is negative.
For instance, if a mutual fund sells stock that has increased in price, you, as a fund shareholder, are liable for taxes on the portion of the gain the fund distributes to you.
The rule applies even if you bought shares of the fund after the stock price increased, and didn't benefit from the stock's rising value. You also owe the tax if you purchase shares in the fund after the stock has been sold but before the fund has made its distribution.
Phantom gains can also occur in a falling market, when a mutual fund may sell investments to raise cash to repurchase shares from shareholders who are leaving the fund.
If you're still an owner of the fund at the time any gains from those sales are distributed, you'll owe tax even though the value of your investment has decreased.
| Is This Answer Correct ? | 3 Yes | 0 No |
what will be journal entry if bussiness is started from loan.
2 Answers State Bank of Mysore SBM,
i want make credit card ledger. which group under its come?
why profit and loss account debit balance appeare in the asset side of balance sheet?
11 Answers Genpact, HCL, Rites,
WHAT DO YOU MEAN BY BRS. PLS TELL ME URGENT
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Foreign currency Valuation
if you are a hard working nature conclude your self?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
I cleared IBPS exam Basically I belongs to A.P. but I applied for karnataka will they accept me?
2 Answers Banking, Oriental Bank Of Commerce,
WHICH QUESTIONS ASKED IN EPFO IN 2009.
What are the financial instruments used in share market..?. Hope securities called as one of financial instrument. Your answer will be appreciated. If any link are given related to this apart from this, it would be highly appreciated this. Thanks in advance.
What are the disadvantages of manual accounting?
Audit 
