Reg fd transfer to sb account
This query is : Resolved
Nanda Kumar
(Querist)
30 September 2015
Sir,
I would like to withdraw some of my FD s from HDFC for daughters marriage purpose. So it will come around Rs 6 lakhs. If it transfer to my sb account is there any problem with tax. Kindly advise. Upto what time I could keep it in my account.
I would like to withdraw some of my FD s from HDFC for daughters marriage purpose. So it will come around Rs 6 lakhs. If it transfer to my sb account is there any problem with tax. Kindly advise. Upto what time I could keep it in my account.
Amol S Joglekar
(Expert)
30 September 2015
No any problem with income tax. You can very well do so. You can keep it in the till you need it
30 September 2015
Hi,
There wont be any tax related issues, unless such income has been shown in the previous year income tax returns.
There wont be any tax related issues, unless such income has been shown in the previous year income tax returns.
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