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.
Talk to B Vijaya Kumar
5.0 on 5.0
Transfer of amount from one account to another account of same person will not attract any Tax liability.
Talk to Shyam Sunder Modani
4.9 on 5.0