- I am based out of India.
- I have already paid TDS on my salary and have also filed by tax-return for the same.
- Now, I will transfer some part of this money to my dad's account.
- I will also create a gift deed for the same to keep things legal.
- My father; who is a retired gov officer and a pensioner now; will create a bank fixed deposit of this money
- My father will also pay taxes on the interest that he will receive on this bank deposit