Query related to taxation
This query is : Resolved
Guest
Guest
(Querist)
07 January 2022
I have a query related to taxation.
I have opened a new joint bank account with my brother.
I am the primary holder and my brother is the secondary holder.
I'm currently not doing any full time job, my brother is doing it.
He is doing full time job in bangalore but also on his name I'm working as a freelancer(Recently started).
Since my brother(secondary holder) is working as a full time job he has been filing ITR for the past few years.
Now, the question raised by my brother is who should pay the taxes on the freelancing income?
Since I'm working as a freelancer using my brother name and the amount is getting credited on his name, can I file the ITR on my name?
I've heard that by default primary holder is liable to pay the taxes.
My brother doesn't want to include that income in his ITR because it might change his tax slab.
It would be very helpful if you could put some light on this.
I have opened a new joint bank account with my brother.
I am the primary holder and my brother is the secondary holder.
I'm currently not doing any full time job, my brother is doing it.
He is doing full time job in bangalore but also on his name I'm working as a freelancer(Recently started).
Since my brother(secondary holder) is working as a full time job he has been filing ITR for the past few years.
Now, the question raised by my brother is who should pay the taxes on the freelancing income?
Since I'm working as a freelancer using my brother name and the amount is getting credited on his name, can I file the ITR on my name?
I've heard that by default primary holder is liable to pay the taxes.
My brother doesn't want to include that income in his ITR because it might change his tax slab.
It would be very helpful if you could put some light on this.
07 January 2022
In such a case you can't file ITR in your name.
You work as free lancer in your name and receive payment in your name.
You work as free lancer in your name and receive payment in your name.
Guest
Guest
(Querist)
07 January 2022
Then is it mandatory for my brother to mention that freelancing income in his ITR?
07 January 2022
Yes, it's mandatory......
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