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cometotalkme
Hello,
I am Rohit. I work in a Software development company at Kolkata. I have some question regarding Income Tax returns. I get a fixed salary plus a decent incentive. My incentive is equivalent of My salary. I get My salary after deducting the TDS.
I am a freelancer as well. I earn 30k to 40k per month freelancing. So I have opened a Savings account with my mom's name. And deposit all the money over there. In the meanwhile we have a shop as well with my mom's name. Where I show Rs.10,000 per month income. So shall I show the foreign income in my mom's IT file?
Now I am planning to open one more bank account with my dad's name. And manage all the freelancing income. For freelancing my monthly expense is around 10k per month. So I need a proper guidance.
Regards,
Rohit

From India, Kolkata
pon1965
604

Not a good idea. Open the a/c in your name and assess your income. If it is in taxable range, pay I.T. and file returns in your name.
For deposits made in accounts of your Mom/Dad, they have to file returns and pay the I.T. if applicable.
Pon

From India, Lucknow
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