hi all,
Plz advise, is it good to transfer fund from one bank a/c to another bank a/c without cheque, means withdrawing cash from one saving a/c and transferring it to another saving a/c.Should i use cheque for fund transfer.Is there any complications or can assessing officer object this transaction?
looking your early response, Thanks
If there is no non disclosure of income,the assessee need not bother about AO.Otherwise the cash deposits beyond a level also incase of scrutiny are very much answerable.
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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