Hi,
I need help in investing my dad’s capital gains from house sale in best way with your help.
We have sold our 23 years old 1 bhk flat which was on my dad’s name for 9.3 lacs.
Question 1: My dad is 60+. What is the best way for him to invest this capital gains from house sell. Will this amount be taxable if not invested in another property ? What is the best plan for senior citizens ?
Question 2: I am transfering my home loan to SBI Max Gain. Can I park my dad’s amount in my sbi loan account’s OD as a surplus to save interest on my home loan?
Experts please give your valuable advice. Thanks in advances
_nups_