I'm 21, and my father has been investing in stocks in my name for 2 years now. I'm pretty sure this is done to save on taxes under 'gifts from parents.' However what he's doing is unethical / fradulent as he continues to actively invest on my demat account. He even files my ITR. I have been earning for myself for a while now, and want to get out of it. What can I do?
I have researched and found that a deed for the gift from parents can be created, but I am still liable as my dad needs to stop actively investing through my account.