Income from joint accounts

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Vaishnavi Nistala (Querist)
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29 July 2016 If i have a joint account to my commission income. Can i add the income amount to my joint account holder for income tax calculation in order to get less tax.

Amol S Joglekar

Amol S Joglekar (Expert)
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29 July 2016 income is to be added to the person who rightfully owns it.....
the way you are trying to change the COLOUR of in come using JOINT account may prove to be DANGEROUS and at times rigorously PUNISHABLE......and this for what? saving FEW hundreds rupees of TAX?
You need to decide by yourself, taking into account the RISK associated with it

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