Income tax implication...

Receiving sales in son's/ spouse account via UPI and getting back by withdrawing in cash. Income tax implication (i.e. is there any penalty).

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Quick Summary
This discussion explores the income tax implications of channelling sales receipts through a son's or spouse's bank account using UPI, followed by cash withdrawal. It clarifies whether such practices could lead to penalties and explains how the income would be clubbed with your own for tax purposes.

Income will be clubbed in your account
It will be clubbed with your income

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