TDS APPLICABILITY ON CASH TRANSFER FROM CURRENT ACCOUNT

A CLIENT is making a TRANSFER (NEFT) of 85,00,000 to my CURRENTACCOUNT....Can you tell me the TDS APPLICABILITY regarding it?

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Quick Summary
This discussion addresses whether Tax Deducted at Source (TDS) applies to cash transfers made into a current account. While large transfers, such as an NEFT of ₹85,00,000, might raise questions, the general consensus is that mere internal bank transfers are not subject to TDS. The applicability often depends on the purpose of the transfer.

For what purpuse the transfer of such amount is initiated?

Mere internal bank transfer is not subject to tds

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