Cbdt eyes on rtgs transfer??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2013
Dear sir, I am about to transfer nearly 5 lakhs( in lump sum) through rtgs facility from my saving account to another saving account. I wants to know that wether there are any chances of any tax issues, that can arise. I had not given my PAN in the bank account. Please help me. Can using rtgs for big amount give rise to tax issues..? Pls help. Thx in advance.
19 July 2013
Yes. Department monitoring all the high amount transactions in the bank accounts
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