News From Press Here are the tax risks of being a joint holder

Here are the tax risks of being a joint holder

Source: Mint May 9, 2023

A joint account held with one’s spouse has been an accepted mode of holding investments, including bank accounts, and aids in operation of the account or investment or facilitates transfer of investments to the spouse in the event of the investor’s death. However, in recent months, a new dimension of tax risk has emerged for joint holders.

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