I had invested in several Mutual Funds (Equity Based and held for over 2+ years) in my son's name when he was a minor.
My son has now attained majority and has sold all the funds (36 Lac in total; All equity based and held for 2+ years).
Will I have to mention this Long Term Capital Gain (LTCG) in my tax return?
What will my son have to show in his tax return?