How much maximum money can be transferred which doesn’t attract tax?

POSTED BY Ankit Kumar Singh ON May 2, 2014 10:18 am ONE COMMENT

Hi ,

What is the easiest way to transfer money(7 Lakhs) from one account to another of SBI which doesn’t attract tax? For example, if A deposits money to B’s account say 7 Lakhs, will B be required to pay tax on it?

B will transfer this money to C. Will C also be required to pay tax?

How to make the money transferred here from A’s account to C’s account? What are the different options available?

Thanks,
Ankit

One reply on this article “How much maximum money can be transferred which doesn’t attract tax?”

  1. ashalanshu says:

    Dear Ankit, please contact a CA for the thing you want to do.

    Thanks

    Ashal

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