My aunt pays very high income taxes as she has a lot of rental properties and investments in FDs in Bangalore. She is quite elderly and wants me to handle all of her portfolio of investments.
I am not sure what needs to be done regarding her taxes and was probably thinking of setting up a trust in her name. This may help her save on taxes and probably will give us a clearly idea of how her investments are performing.
Could you kindly guide me.
Thanks and regards.