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CAPITAL GAIN INCOME

This query is : Resolved 
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(Querist)
20 January 2011 I HAVE A JOINT ACCOUNT IN A BANK. I AM RECEIVING INCOME FROM SHARES WHEN I RECEIVED CHEQUE FOR NAME OF JOINT ACCOUNT. SHE IS NOT HAVING PAN CARD SO INCOME IS RECEIVED.IT WILL BE TAXABLE FOR MY ACCOUNT OR MY WIFE ACCOUNT PLEASE SEND ME ADVISE IN THIS SITUATION.
MY E-MAIL ID IS mithilesh44@yahoo.com
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
20 January 2011 Income will be of that person who is having beneficial interest in the shares or in simple words who is the owner of shares.
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Guest (Expert)
22 January 2011 Yes, I agree with Mr. Bafna
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