JOINT A/C IN MF/EQUITY

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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.

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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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

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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12 August 2021 Kindly send your valuable reply. Regards, Limpa Chakraborty

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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13 August 2021 kindly send me your reply. Regards, Limpa Chakraborty

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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14 August 2021 KINDLY SEND ME YOUR SUGGESTION. Regards, Limpa Chakraborty