Expenses to claim on ITR2 for Salary + MF Capital Gain

Hi All,

I am filing my tax return by filling up in ITR2 since I have Mutual fund Capital gain along with my Salary from Private concern.

Could you please guide me to avail the tax benefit on any expenses which incurred during this period, meaning that what kind of expenses to show under which section. 

Appreciate your help on this.

Thanks

Palani

Replies (2)
Quick Summary
This discussion addresses how to claim expenses when filing an ITR2 form, particularly for individuals with both salary income and mutual fund capital gains. While salary income figures should align with your Form 16, for mutual fund capital gains, eligible expenses like broker fees or loan interest can be deducted to reduce your taxable gain. In many cases, if no such specific expenses were incurred, the deductible amount will be zero.

For salary income follow the figures as per Form 16, issued by your employer.

For mutual fund capital gains, any expenditure over the transaction like broker's fee, interest paid over loan taken for the investment; if any may be deducted. Otherwise its '0' in most of the cases.

Thank you Dhirajlal.

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