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 2 years 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
617 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
1366 Answers
5.0 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

Abhishek Dugar
CA, Mumbai
1715 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1553 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
404 Answers
5.0 on 5.0
Lakshita Bhandari
CA, Mumbai
141 Answers
5.0 on 5.0
B Vijaya Kumar
CA, Hyderabad
617 Answers
5.0 on 5.0
Lalit Bansal
CA, New Delhi
243 Answers
5.0 on 5.0
Shyam Sunder Modani
CA, Hyderabad
1366 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
334 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
402 Answers
5.0 on 5.0
Shiv Kumar Agarwal
CA, Delhi
225 Answers
5.0 on 5.0