Tax saving
priya mishra (ARTICLE) (42 Points)
11 September 2016priya mishra (ARTICLE) (42 Points)
11 September 2016
VAIBHAV CHATURVEDI
(CA ARTICLE)
(143 Points)
Replied 12 September 2016
Yes the tax benefit of ELSS scheme u/s 80 C can be taken over them if the mutual fund is of tax saver tag.
However dividend can be the business income in P&L but it will be exemt for the taxation u/s 36.
But the capital gain from mutual fund is capital gain in nature and should be shown as capital receipt instead.
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