amount transfer from one saving account to another saving account is fall under professional income or not.
4 Replies
Piyush Shirodkar
(CA Final Student)
(1358 Points)
Replied 19 August 2018
No, it's just transfer and not professional income
Reshma Thakur
(Professional)
(290 Points)
Replied 19 August 2018
But if its from client's savings account. than?
Piyush Shirodkar
(CA Final Student)
(1358 Points)
Replied 19 August 2018
Then it is an income.
Use proper word professional receipts in bank.
Transfer becomes a different case.
Use proper word professional receipts in bank.
Transfer becomes a different case.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 August 2018
@ Vatsal.,
But if its from client's savings account. than?
- Check Out the nature. It's not taken as Income If You received from Client Account also it's consider just transfer... But, Better to having this nature of transactions...
But if its from client's savings account. than?
- Check Out the nature. It's not taken as Income If You received from Client Account also it's consider just transfer... But, Better to having this nature of transactions...
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