Amount transfer from Saving account

Dear Sir,

Can we transfer by cheque or netbanking amount from one saving account to 2nd or 3rd account any issues from IT department
Replies (9)
Quick Summary
This discussion clarifies that transferring money between your own savings accounts, whether by cheque or netbanking, does not typically raise issues with the IT department. The key point is that mere transfers are not considered income and therefore do not need to be declared again in your Income Tax Return (ITR) if already declared previously. Income tax liability arises from actual income earned, not from the movement of funds between your personal accounts.

There won't be any issue..Mere transfer is not income .

Income Tax liability will be on the Income and not every credit
Transfer for rendering service from the recipient is income.
@ Naveen ,

Are the two accounts belongs to same person?
Yes Sir, both saving account belong to same person. one account in HDFC and second is Punjab and sind bank
There is no question of rendering service .. Not every credit in savings account is income
Sir, that,s means I need to show in my ITR again actually i already shown in my previous year ITR
No .It is required to show in ITR if it's already shown in ITR.

Moreover mere transfer is not income
Thank you very much Eswar Reddy Sir,
Not required to show again in ITR

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