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Transferring large amount of funds from your one bank account to other.
- Thread starter NikhilG
- Start date
- Replies 15
- Views 366
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- account bank account bans
How much is large
Lorddiesel
TF Select
Yes.
If you file correct ITR every year, not to worry.
If you file correct ITR every year, not to worry.
NikhilG
TF Premier
Like upwards of a cr
NikhilG
TF Premier
But if both accounts are mine, still reported to income tax department
No
Just do rtgs np
If it's reported it's gonna be on u having 1 cr.
Not on your TRX of 1cr going to own other account
If you pay your taxes there is nothing to worry.
Not on your TRX of 1cr going to own other account
If you pay your taxes there is nothing to worry.
brightknight
TF Ace
yaar x crore bhi to larger trxns se hi accumulated honge. tab bhi to huye honge report. Koi instant generate to nhi huye bank account me.
NikhilG
TF Premier
Exactly it's all white, taxes paid but I don't want any eaves dropping by it department. Nirmla Tai ki nazar bhi kharab hai
brightknight
TF Ace
i agree. but that thing only. sab white hai or duly taxed toh nothing they can do
NikhilG
TF Premier
Karna to nahi chaiye
sunit123
TF Ace
No...not reported...any transfer within same PAN is not reported even if it is in crores...
Ppl are sharing wrong info here
What about transferring to self joint account where the transferee is 2nd holder. AFAIK, pan of the first holder are linked straight to the joint account (even though both pan are integrated within). Please enlighten.
Take an example like.... doing self upi in BHIM app or some other upi app often change the account holders name (to 1st holder) even though same upi id. Give detail information if available to you.
sunit123
TF Ace
No idea bro for joint accounts...i only transferred between self singgle accounts
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