Hello,
I am Rohit. I work in a Software development company at Kolkata. I have some question regarding Income Tax returns. I get a fixed salary plus a decent incentive. My incentive is equivalent of My salary. I get My salary after deducting the TDS.
I am a freelancer as well. I earn 30k to 40k per month freelancing. So I have opened a Savings account with my mom's name. And deposit all the money over there. In the meanwhile we have a shop as well with my mom's name. Where I show Rs.10,000 per month income. So shall I show the foreign income in my mom's IT file?
Now I am planning to open one more bank account with my dad's name. And manage all the freelancing income. For freelancing my monthly expense is around 10k per month. So I need a proper guidance.
Regards,
Rohit
From India, Kolkata
I am Rohit. I work in a Software development company at Kolkata. I have some question regarding Income Tax returns. I get a fixed salary plus a decent incentive. My incentive is equivalent of My salary. I get My salary after deducting the TDS.
I am a freelancer as well. I earn 30k to 40k per month freelancing. So I have opened a Savings account with my mom's name. And deposit all the money over there. In the meanwhile we have a shop as well with my mom's name. Where I show Rs.10,000 per month income. So shall I show the foreign income in my mom's IT file?
Now I am planning to open one more bank account with my dad's name. And manage all the freelancing income. For freelancing my monthly expense is around 10k per month. So I need a proper guidance.
Regards,
Rohit
From India, Kolkata
604Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls