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
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.
Chirag N Shah & Associates
Mumbai
CA Inter
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