Income tax?

Tax queries 434 views 2 replies

i am a webmaster and sold website in april @ 165,732 rs and also earned through gigs/ads 33k . by end of march 2014 i will cross 250,000rs .

i got money through PAYPAL : pan card [mandatory by rbi] is linked to it. bank a/c linked.

purpose code : freelance journalism [profession need to picked ]

so all in all it validates my income is taxable. so what form i need to fill next year?

2nd: i moved/send all the money into my mothers savings a/c . as far as i think it will be taken as only my income naa? i mean to say no tax will be labelled on my mother?

also if above is true then from 1 april 2014 it become my mother's income?

 

Replies (2)

You are required to file ITR-4. 

Money paid to your mother shall not be taxable in her hands.

 

mihir ,

that amount in my mothers saving a/c becomes her income from 1 april 2014?

 

1 april 2014 it become my mother's income?

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