Fund transfer

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 October 2018 Dear experts,

I have a joint bank a/c which 1st holder is my dad & I am the 2nd holder. If my dad remit lump sum money from this joint a/c to my personal bank a/c then will it be taxable income for me? please suggest..

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Expert : Anonymous

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Expert : Anonymous (Expert)
23 October 2018 No... It's not taxable in Your hand.

19 October 2021 Not taxable only in case of Gift or loan, taxable if it is any revenue receipt.


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