11 August 2018
I am a salaried person with sum of Rs. 23800 pm. Continue filing ITR 1 ...
My brother has a grocery shop and also has a HDFC payment point. For this purpose he is using my current account. I opened this current account with no any balance deposited...
The process of of HDFC payment point is ... Customer puts his thumb on machine and enter the amount to withdraw. Entered amount transferred from customers account to my current account. And then My brother gives the amount in cash mode to that customer.
Next Day My brother withdraw all money from my current account and ready to pay in cash mode again. He gets Rs. 500 as commission for transaction of per 1 lakh.
Transaction starts from 10 November 2018 and till 31 March 2018 more than 14 lakh amount transferred from customer's account to my current account.
Now my query is.. How to mention this in filing Income Tax Return for Ass Year 2018-19
CAclubindia
