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
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details