My father runs a automobile company. It is basically a proprietorship firm and he pays me a salary of Rs 52,000/- every month in my bank account (salary) after deducting TDS.
But now his return is under scrutiny from the Income Tax Department stating he can not give me a salary exceeding Rs. 50,000/-. I pay Income tax from the salary received from my father.
And as regards my qualification, I help my father prepare documents for his daily transcations such as sale deed, lease deed, communicate with clients regarding terms of service and payments, and keep his books. What should my father do?
Jan. 22, 2018