RESPECTED ALL MEMBERS
ONE VEHICLE PURCHASE MY BROTHER NAME SO THAT VEHICLE GOOD TRANSPORTATION INCOME CREDIT IN MY BANK ACCOUNT SO HOW A TAX TREATMENT ON THIS INCOME
AND WHICH ITR FILED.
THANK U IN ADVANCE
2 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 06 July 2020
I think it's better to show it as income of your brother. and amount received in your bank account should be transferred by you to your brothers account.
Recent Topics
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
Related Threads
CAclubindia
