Investment held jointly in demat account

Who invested in the purchase of the demate holding?

From joint account. 55% by me and 45% from my wife.

Yes, you can declare the gain proportionately. At the same time you will have to give 'feedback' in AIS report accordingly.

It is advisable to open another Demat account. primary holder being your wife, for ease of working and releive yourself from any query from ITD.

Yes—if both spouses were beneficial owners and contributed to the investment, the short-term capital gain may generally be reported in their returns in proportion to their respective beneficial ownership. A joint demat account or the order of names alone does not establish the split. Keep evidence of who funded the purchase and the investment records; the sale proceeds and acquisition cost should be allocated consistently with that evidence. If one spouse funded the investment and the other was only a joint holder, reporting the gain equally merely because of the joint holding may not be justified.

The August 2025 redemption falls in FY 2025–26 (AY 2026–27). The applicable tax treatment depends on the asset and acquisition/transfer details; the holding period and whether it was listed equity, a mutual fund or another investment matter.

For this redemption, the key workflow is matching the demat statement, purchase funding and sale proceeds before allocating the gain between returns. Manual reconciliation is difficult, and automation can reduce repetitive work while keeping professional judgment in control. At Jir AI, our 2,000+ AI agents and 650+ integrations streamline GST, ITR, TDS, TCS and other compliance workflows, helping reduce manual workload by up to 70%. WhatsApp us to explore the workflow: https://wa.me/message/3HVOZ7HIY4ESC1