Dear Forum Members,
Are there any tax implications involved for savings bank account transfers?
With regards,
Fruitjam
2 Replies
Fruitjam
(Working)
(32 Points)
Replied 30 March 2015
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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