Income tax

The total amount coming from him to your account can be considered as your income (gift from unrelated person) unless you are able to prove that the arrangement for receipt and payment of bills exist. You might end up paying tax on the total amount tranferred by him.

As for credit worthiness, as long as you are keeping your own credit card balance very low, pay ing your bills in time and paying timely loan installments, you should not worry. Your friend's transactions should affect his credit score.

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