Easy Office
LCI Learning

Saving bank account transacoint

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 April 2012
Hi

My Friend has been done 20 Lac transaction in personnel saving account per year .

is there any tax is applicable or need to pay Tax for such transaction

kindly revert
Profile Image

CA Suresh Kumar Agarwal

Profile Image

CA Suresh Kumar Agarwal (Expert)
24 April 2012 Dear,

There is no Tax applicable on the transaction done in saving account. This is your personnel account in which you can deposit or withdraw rupees of your own.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links