Menu
Capital Gain
I have invested Mutual Fund in tha name of my father using his PAN but all activities are made by myself using Join Bank A/c. Now I was redeemed and credited through joint account. Now I file income tax to myself only but not file my father. Is it require to show that mutual fund redemption in my IT or my father IT?
Replies (3)
As per PAN details......... i.e. in your Father's account.
To avoid such troubles in future you should open joint account with your name first and joint name of your father.
And invest in your name and PAN
And invest in your name and PAN
Follow Kapadia Sir's advice...
If your Father's PAN is given , then the MF will be reported in your Father's ITR.
If your Father's PAN is given , then the MF will be reported in your Father's ITR.
Recent Threads
- How do I purchase Copper Clues games in Kolkata?
- Regarding Annual Return for 23-24
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
Related Threads
CAclubindia
