Tax Liability

Last post 07-16-2012 3:29 AM by priyac21. 1 replies.
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  • 07-12-2012 8:02 AM

    Tax Liability

     Dear Sir

    My son salaried individual  is depositing monthly few amounts ( out of his assessed salary )in my saving account. Please let me know whether these deposits are to be included my income for the purpose of my liability for tax?

     Nirankar Sharma

    • Post Points: 20
  • 07-16-2012 3:29 AM In reply to

    Re: Tax Liability

    You do not have to show such amount received from your son in your ITR. However, if you earn money on such income, then the same will be taxed subject to basic exemption limit.
    • Post Points: 5
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