6

It sounds like you are considering lying about who really owns the money and earns the interest. If you intend to take the money back, then putting it in her name would not be an honest representation, and would be generally considered tax fraud [though I am not familiar if whether India uses a specific technical definition for that term, it would apply in ...


2

I will strongly advise against any sort of tax evasion. The penalties for tax evasion are huge and when legal cost for defending and representing you would get added, the net result would be negative. However, you may do needful tax planning little diligently. As a part of the responsibility as a son, you may start giving some amount every month to your ...


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