Deduction from income.
This query is : Resolved
30 July 2013
Sir,
1. Can we deduct management fees paid to an asset management company from the interest income earned ( interest income is from the investments managed by the AMC )
2. Can we deduct the management fees charged by AMC from Long term capital gains earned on sale of shares through the AMC?
1. Can we deduct management fees paid to an asset management company from the interest income earned ( interest income is from the investments managed by the AMC )
2. Can we deduct the management fees charged by AMC from Long term capital gains earned on sale of shares through the AMC?
30 July 2013
Ans 1.no.
Ans2.no.
Ans2.no.
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