15 June 2023
My client has around 2.5-3 cr in Bank account. And want to invest (FD). Please guide me, how can I make him plan his taxes. He has wife and childern(1-18+,2 below 18). Is there any way I can transfer money to her wife (as loan) and invest in her name
15 June 2023
Small tips... Invest in different options like Debt MF, Sovereign gold bonds, RBI bonds etc. Investment in Wife's name should be in tax free schemes like tax free bonds etc. Investments in minor's account should be in growth schemes with maturity at the time of attaining the majority, etc. etc...
CAclubindia
