I am in 30 % tax bracket,
I want to transfer 30 lac to my mother who is 61 year of age(senior citizen) .so that she can invest in FD .
She is pensioner.
Kindly let me know is this possible to save tax on my side .
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Tax saving through parents senior citizen
Replies (1)
U can give her gift which is exempt. This way u can save tax
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