money received from father

In such a case, he can get a notice from tax authorities to explain the source of funds. And if you then tell them that it is your money, IT authorities can open your assessment also.

Dont take these shortcuts. Deposit all your income in your account. Declare in tax return, pay the tax. That way, atleast you are protected from 200% penalty.

  And If It's A Gift Then

Government has introduced anti abuse provision with the intention to protect the tax Revenue base from evasion and aggressive tax planning strategies. Section 56(2)(x) (earlier Section 56(2)(vii)) was once such measure.