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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.
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