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Hi guys. So, recently my grandmother (senior citizen) asked me to invest her savings in lying idle in her savings account in Mutual Funds. I thought to open a demat account and invest the money in her name. But later I found out her PAN card and Aadhar is connected to a phone number which is not working anymore. Now I know I can go and change the the phone no. Linked to her aadhaar and PAN. But I'm thinking of taking her money and investing through my PAN. Now I understand I have to pay the STCG and LTCG on the profits but do I pay anything else or IT will raid me for having a random amount of money in my account.
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- 4 weeks ago
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