REGARDING FREIGHT

RESPECTED ALL MEMBERS

ONE VEHICLE PURCHASE MY BROTHER NAME SO THAT VEHICLE GOOD TRANSPORTATION INCOME CREDIT IN MY BANK ACCOUNT SO HOW A TAX TREATMENT ON THIS INCOME
AND WHICH ITR FILED.

THANK U IN ADVANCE
Replies (2)
Quick Summary
This discussion addresses the tax implications of freight income earned by a brother but deposited into another sibling's bank account. The advice suggests treating the income as belonging to the brother who owns the vehicle. It also recommends transferring the funds from the recipient's account to the brother's account to maintain accurate financial records and tax compliance.

I think it's better to show it as income of your brother. and amount received in your bank account should be transferred by you to your brothers account.
I agree with Mr. Raj

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