Transferring money to another account

Transferring some amount from my own saving account through cheque to my another saving account will be calculated as my income or not
Asked 1 year ago in Income Tax from New Delhi, Delhi
No. There is no generation of income by transferring from one bank account to another bank account.
B Vijaya Kumar
CA, Hyderabad
355 Answers
5.0 on 5.0
  Talk to B Vijaya Kumar
Transfer of amount from one account to another account of same person will not attract any Tax liability.
Shyam Sunder Modani
CA, Hyderabad
1045 Answers
4.7 on 5.0
  Talk to Shyam Sunder Modani
No
Vijay N. Kale
CA, Hyderabad
248 Answers
4.9 on 5.0
  Talk to Vijay N. Kale

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other Questions

Chartered Accountants

Rohit R Sharma
CA, Mumbai
870 Answers
5.0 on 5.0
Abhishek Dugar
CA, Mumbai
877 Answers
5.0 on 5.0
Vishrut Rajesh Shah
CA, Ahmedabad
318 Answers
4.8 on 5.0
Shyam Sunder Modani
CA, Hyderabad
1045 Answers
4.7 on 5.0
Vishakha Agarwal
CA, Bangalore
259 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
95 Answers
5.0 on 5.0
Lalit Bansal
CA, New Delhi
115 Answers
5.0 on 5.0
B Vijaya Kumar
CA, Hyderabad
355 Answers
5.0 on 5.0
Shiv Kumar Agarwal
CA, Delhi
197 Answers
5.0 on 5.0
Vidya Jain
CA, Kolkata
48 Answers
3.2 on 5.0