amount transfer from one saving account to another saving account is fall under professional income or not.
Menu
Advocate return
Replies (4)
No, it's just transfer and not professional income
But if its from client's savings account. than?
Then it is an income.
Use proper word professional receipts in bank.
Transfer becomes a different case.
Use proper word professional receipts in bank.
Transfer becomes a different case.
@ 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...
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...
Recent Topic
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
Related Topics
CAclubindia
