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410 Points Posted on 19 August 2018

amount transfer from one saving account to another saving account is fall under professional income or not.

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On 19 August 2018 at 19:09 Report
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CA Final Student
1358 Points Posted on 19 August 2018
No, it's just transfer and not professional income
8 Reply
On 19 August 2018 at 19:20
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Professional
290 Points Posted on 19 August 2018

But if its from client's savings account. than?

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On 19 August 2018 at 19:24
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CA Final Student
1358 Points Posted on 19 August 2018
Then it is an income.
Use proper word professional receipts in bank.
Transfer becomes a different case.
8 Reply
On 19 August 2018 at 19:25
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"Do the Right Thing...!!!"
128147 Points Posted on 19 August 2018
@ Vatsal.,

But if its from client's savings account. than?

- Check Out the nature. It's not taken as Income If You received from Client Account also it's consider just transfer... But, Better to having this nature of transactions...
463 Reply
On 19 August 2018 at 19:30


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