I need help regarding Tax Saving...
My Friend is Earning 3.5 Lac PA
His accountant has advised to show an saving of around 60 Thousand PA in order to pay minimum Tax.
He is just married and all of us know about the Expenses in Tier 2 City.
There are couple of Options like NSC, PPF , FD but for these he cannot withdraw amount before 5 Years i.e his money will be Blocked for 5 Years.
He is looking for an Investment option where he if needed he can withdraw some amount after 2 Years .
Plz suggest him any of the investment option.
From India, Jaipur