In the case of mutual funds, only the primary holder is treated as the beneficiary for all the tax benefits
09-Jun-2015 •Research Desk
If one is holding MF jointly with one's Wife/Father/Mother/Sibling, what are the tax rules for all the parties involved?
- Anurag Garg
In the case of mutual funds, only the primary holder is treated as the beneficiary for all the tax benefits. He/she is also responsible for any taxes to be paid.
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