Dear Forum Members,
Are there any tax implications involved for savings bank account transfers?
With regards,
Fruitjam
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Transfers between savings bank accounts.
Replies (2)
No there is no tax involve .
Thank you for your prompt response.
But, I need to know whether I would have to declare it while filing tax returns.
What is the maximum quantum that can be transferred to my savings bank account from other savings bank account without me having to declare it for income tax purposes.
With regards,
Fruitjam
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