Dear Experts,
If a individual mistakenly transfers a amount to his mother which he intended to transfer to his father,
so to correct it if he retake that amount from mother and then again transfer to father would that amount to any cross transfer?
If yes then clubbing would be attracted?
Or would it amount amount to only one transfer to father?
Kindly reply ASAP
Thank you
unless you are planning to show it as a loan, the best thing would be let mother transfer it to the father..
Varma Raja & Associates
Thrissur
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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CCI
Pro
CAclubindia
