Hello Experts, I am 34 yrs old male indian citizen living abroad temporarily since 2005 .
As a son to my mom, I want to transfer my personal funds available in my abroad bank account (earned thru my salary alone ) to my mom's (age 54) indian bank account and use those funds to buy shares and mutual funds on my mothers name. The reason I want to do that is to avail the 0% tax for Long Term Cap gains and 15% for short term capital for indian residents , as I am abroad currently on a temporary basis and have plans to return in 5-10 years down the lane, and then inherit those funds to my name and my children name when i return. If i get permanent PR of abroad country mean while, i have to pay taxes to abroad country irrespective of wherever i make some income.so i want to put on my mothers name.
In this regard, i have couple of questions
1) are there any limits on money that can be transferred from SON to MOTHER bank account every month, as i am any way transferring only my savings money for which i already paid taxes abroad.
2) Since my mother have to any way pay taxes both STCG and LTCG, do you see any issue with my above.
Appreciate your help.