I'm a housewife with PAN card and haven't filed returns till date, (as i dont qualify by any case)
My father's Fixed deposit is maturing shortly and he plans to park the maturing amount (Ten lakhs and a few hundreds) in my savings bank account for a year or so, before dispersing it to my siblings.
Will this act of parking funds in my bank account and dispersing the amount to my siblings attract income tax on me or qualify me to file income tax returns ?
Thanks in advance for replying in kind