Can we transfer by cheque or netbanking amount from one saving account to 2nd or 3rd account any issues from IT department
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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.