CAPITAL GAIN INCOME
This query is : Resolved
MITHILESH KUMAR
(Querist)
20 January 2011
I HAVE A JOINT ACCOUNT IN A BANK. I AM RECEIVING INCOME FROM SHARES WHEN I RECEIVED CHEQUE FOR NAME OF JOINT ACCOUNT. SHE IS NOT HAVING PAN CARD SO INCOME IS RECEIVED.IT WILL BE TAXABLE FOR MY ACCOUNT OR MY WIFE ACCOUNT PLEASE SEND ME ADVISE IN THIS SITUATION.
MY E-MAIL ID IS mithilesh44@yahoo.com
MY E-MAIL ID IS mithilesh44@yahoo.com
CA PARAS BAFNA
(Expert)
20 January 2011
Income will be of that person who is having beneficial interest in the shares or in simple words who is the owner of shares.
Guest
Guest
(Expert)
22 January 2011
Yes, I agree with Mr. Bafna
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