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Third party transactions
If someone do gateway payment of another person through his saving account by receiving same amount from another person then these transactions are fair in respect of salary class person?
Replies (4)
Please explain.
Absolutely.
Subject to some conditions.
Absolutely.
Subject to some conditions.
I pay electric bill etc of someone through My saving account and take transfer of same amount from him. So these types of credits will be considered my income ?
No...
These are reimbursement of expenses, hence not taxable.
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