JOINT A/C IN MF/EQUITY


This query is : Resolved 

Quick Summary
This discussion addresses how to divide long-term capital gains (LTCG) tax for a joint account holding mutual funds and equity. The user has three accounts: one individual, one joint with husband, and one joint with son. The query seeks to understand how the LTCG of Rs. 182,320.67 should be divided and whether credits for gains, losses, or deposits/withdrawals are attributed to the first holder's account.

12 August 2021 CDSL statement for the A.Y. 2021-22 shows that there are 3 accounts, first is for self, second is jointly with husband and third is jointly with son. LTCG raised Rs.182320.67. How gain to be divided? Is credit of gain or loss or amount deposited/withdraw goes to the first holder account? Kindly reply, Regards, Limpa Chakraborty

12 August 2021 Kindly send your valuable reply. Regards, Limpa Chakraborty

13 August 2021 kindly send me your reply. Regards, Limpa Chakraborty

14 August 2021 KINDLY SEND ME YOUR SUGGESTION. Regards, Limpa Chakraborty

21 October 2021 Yes, everything is accounted for sole or first holder.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details