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Third party transaction in bank account

This query is : Resolved 
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(Querist)
28 August 2015
I have one query..,

My client receives money through bank (NEFT) from Party X and he transfers money (NEFT) to party A and B who is creditor and employee of X . Value of this transaction is More than 12 Lakh rupees. According to Income Tax Act what are all the procedure to be followed for this transaction...?

ThanK you...
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 August 2015 the transaction is through regular banking channel. Ihat itself is more than sufficient for Income Tax. No any additional care is required to be taken.
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