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Tax queries 327 views 2 replies

Husband has invested in a mutual fund say 10 lacs

Both husband and wife were living abroad

The mutual fund is a joint account in both husband and wife

In P.Y 2012-13 the mutual fund was sold and all the money was invested in wife's demat account

If there is a stcg of 5 lacs, whose liability is it?

Replies (2)

In the hands of the receiver of that gain as per bank statement becoz both are non resident

They "were living abroad", but now they are resident

 

 


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