Bank transaction transfer limit from saving account
This query is : Resolved
28 September 2017
Sir,
Can we transfer above 1 lakh transaction from one saving account to other saving account.
Can I face any income tax issues???
Can we make transaction or not...
Please advise....
Can we transfer above 1 lakh transaction from one saving account to other saving account.
Can I face any income tax issues???
Can we make transaction or not...
Please advise....
Amol S Joglekar
(Expert)
28 September 2017
if the source is genuine, you can transfer the amount.
Amol S Joglekar
(Expert)
29 September 2017
no any question of having income tax issues so long as you are able to explain the source.
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