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How to show income

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Querist : Anonymous

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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?
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Sandeep Dharar

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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.
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Rupesh Jain

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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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