Wrongly transferred amount taken back and re transferred

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

Replies (2)
It amount only one transfer to ur father.... Debit and credit the transaction is setting off... Only net results matter... Don't worry so

unless you are planning to show it as a loan, the best thing would be let mother transfer it to the father..

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details