Money sent by daughter from usa

Generally if credits in a bank account for one year exceed 10Lakhs then chance to receive notice from IT Department to explain the source of Income is more. If you are regular in Tax filings then there will be no problem otherwise you will definitely receive notice from IT Department. So better to transfer her income to you in different accounts held by you with different banks in such a way not more than 10Lakhs has credited to your account with one bank. Even if you receive notice from dept., no problem, just reply IT Dept. how you get such credit in your bank account.

In my opinion splitting the money could not avoid the IT notice as aggregate amount credited to account of a person is considered as all the accounts are now PAN attached. Its better to file the returns. Even if the notice comes you have a proper source of money.

Preparing a power of attorney will also be of additional help since it is not a gift.