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Nadim Petiwala (Querist)

25 October 2015 Dear All, I am a salaried person & my total income does not cross basic exemption limit of 250000/- My question is that suppose I have deposited in my account cash which is my mother's savings then while filing of return what should I write ie income from where? & which ITR should I file. My total income comes from Salary, bank int & my mother's savings( eg 20000 or 25000) which she is saving from long time. Whether i show my mother's savings which she gave me for depositing in my bank as commission income from xyz source (i.e. fake source ) I am filing return for the first time. Waiting for your valuable suggestions. Thanks in advance.

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)

25 October 2015 No you should show only your income , nothing else.

If you want to create white capital, just take it as loan from mom, & i feel you will end up paying tax for no reason by doing this fake entries of commission.

Feel free to contact

CA Ankur Mehta
+91 94283 19758

Nadim Petiwala

Nadim Petiwala (Querist)

26 October 2015 Thank you CA Ankur Sir for your suggestions My another question is that the money which I have deposited in my account ie cash of my mother then what should I show in my ITR & which ITR should I file. Because Assessing Officer my ask for that deposit in my account for eg from where you have received this cash then what should I speak.

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)

26 October 2015 For that you have to show this as your mother income you deposited n bank, but from now on wards you should deposit cheque from your mother & not cash.
other wise it will create problem for you. If your income is not much more, no big deal they will not gonna see it. & If are true in every sense no need to worry.

Feel free to contact me any time

M.No. +91 94283 19758

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