October 26, 2013 12:29 am
One of my Friend want to give my account number to his relative for depositing one lakh. Once it is deposited then he will withdraw. Please help me how the taxation work on this?
Dear Deepak, account opening ‘ll not take more than 30 min. in any bank. Better to ask your friend that he should wait till account opening.
He is not having the account. In process of opening one.
Dear Deepak, this 1L Rs. ‘ll be taxable for you. you w’d have to pay tax on this 1L Rs. Why this so called friend is not giving his own account number?
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