How to show income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2014
I have a car on my relatives name. I am selling it for Rs. 14 lacs. Just need to confirm how can i show it as my income. Or if there is any problem if the payment comes directly to my bank account?
Sandeep Dharar
(Expert)
02 July 2014
If it is in name of ur relative then ur relative can show it as income from sale proceeds(if any) and not u.
Rupesh Jain
(Expert)
05 July 2014
you can not show this amount due to vehicle is not in your name . and it is not taxable due to it is personal assets.
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