Income Tax computation queries
This query is : Resolved
Eswar Pendyala
(Querist)
29 March 2024
Good Afternoon to all
Do we have to show "Transfers from other bank account" as income or can be ignore ? Why I am asking this, this transfer is declared as income in other account..
Kindly do the needful
Do we have to show "Transfers from other bank account" as income or can be ignore ? Why I am asking this, this transfer is declared as income in other account..
Kindly do the needful
CA Roomi Gupta
(Expert)
29 March 2024
No, Its not necessarily be considered as Income . But transfer from other bank can be questionable and if no satisfactory answer is provided than it can be considered as Income. Any of such transactions must be squared off .
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