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Bank transaction transfer limit from saving account

This query is : Resolved 
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(Querist)
28 September 2017 Sir,
Can we transfer above 1 lakh transaction from one saving account to other saving account.

Can I face any income tax issues???
Can we make transaction or not...

Please advise....
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 September 2017 if the source is genuine, you can transfer the amount.
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 September 2017 no any question of having income tax issues so long as you are able to explain the source.
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