Hi Experts,
I have transferred money to my relatives account, have done the f&o trading in their account and earned some net income. Now I need to club that trading income and pay tax as per my slab.
Question is, since the net income in my relatives account is more than 5 Lacs, does my relative also need to pay income tax ? how can my relative file and convey to tax department that the tax is already clubbed in my hands ?