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?
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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