One of my friend, who is very poor, is hospitalized. His total medical expenses are around 1.8 lakhs. He is not in a position to pay even a small amount on this.
So, I am requesting people send money to my bank account. I will pay his medical bills with that money.
As per Income Tax rules of India, if I receive more than 50,000/- from others in my account, I will be taxed. So, is this applicable in this scenario as well?