To avoid any unnecessary complications of nomination (if needed in future) , I am putting myself at the second holder in all Debt funds that I purchased for my father online. I am just a placeholder there. The mode of operation is set to Anyone or Survivor The first holder is my father and his bank account is linked for redemptions. But I’ve to submit my PAN to add myself as the second holder.
So upon redemption of the fund, will I have any issues with my income tax filing or tax obligations? Please note the redeem amount is going to my father’s bank account