Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Hemant Bokil | Answer |Ask -Follow

Financial Planner - Answered on Feb 09, 2023

Hemant Bokil is the founder of Sanay Investments. He has over 15 years of experience in the field of mutual funds and insurance.Besides working as a financial planner, he also hosts workshops to create financial awareness. He holds an MCom from Mumbai University.... more

Question by Prabhash on Feb 08, 2023Hindi

Money

Every month i transfer 30k to my friend account and my friend return it after 15 day. My salary is taxable.my question do i need the pay the tax on this amount which is 3.6 lac

Ans: Hi if you are giving him money by bank transfer and getting it back the same way, then it's loan given and loan repaid to you, entry gets closed. But in case there is some extra amount as interest received by you then only only interest is taxable

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Milind Vadjikar |1076 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 07, 2024

Asked by Anonymous - Mar 04, 2024Hindi

Money

we had sale the agriculture land, and the mother's share of amount is Rs. 3500000 deposited in my account, but next day I have transfer the same amount to her account so in this case is it consider my Income? and also can I liable to pay the Tax on said amount? pl. advice.

Ans: No. Keep your passbook/bank statement records handy in case you get IT query regarding this.

Yogendra Arora |11 Answers |Ask -Follow

Tax Expert - Answered on Feb 11, 2025

Question by Kanagaraj - Dec 24, 2024Hindi

Money

Hi sir, I transfered 3 lakhs to my friend in 2023 as loan through bank transfer. If he repay that without any interest in 2024, should I work income tax?

Ans: Hi,
If no income in transaction than there will be no income tax, as in your case no interest so no income tax leviable.
Happy to help - Thanks.

T S Khurana |383 Answers |Ask -Follow

Tax Expert - Answered on Jan 20, 2025

Question by Kanagaraj - Dec 24, 2024Hindi

Money

Hi sir, I transfered 3 lakhs to my friend in 2023 as loan through bank transfer. If he repay that without any interest in 2024, should I pay income tax?

Ans: You should get the amount back through banking channel only. You would have to pay any tax on it, since this is not your income, but just return of temporary loan without interest, to your friend.
Most welcome for any further clarifications. Thanks.

T S Khurana |383 Answers |Ask -Follow

Tax Expert - Answered on Feb 06, 2025

Question by Prateek - Jan 09, 2025Hindi

Money

I receive money on behalf of my friend from many persons and i collect that money in my account (around 30-40k everyday) and send it my friend’s account at once. So will i be taxed on this amount

Ans: It is always better to avoid yourself in getting involved in such transactions. IT Department may doubt these transactions. Once in a while for small amount, it is O.K. BUT never on regular basis.
Advice your friend to get the amount transferred in his account directly online & he should disclose such income in his ITR.
Most Welcome for any further clarification. Thanks.

Latest Questions

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 04, 2025

Question by Satya - Mar 03, 2025Hindi

Career

Secured 92.4 percentile in JEE main Session-1.wether it will lead to eligibility for JEE Advance? Whether be eligible for CSE branch ? Which institute ?

Ans: Yes, you are eligible for JEE Advanced 2025

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 04, 2025

Asked by Anonymous - Mar 03, 2025Hindi

Career

I get 86 percentile in jee mains what should i need to do in carrer

Ans: Decide if you want to take JEE again or join a college this year.
Look at state counseling options for government colleges.
Consider private universities with good placement records.
If you want to switch fields, look at BCA, B.Sc. Data Science, or professional courses.

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 04, 2025

Asked by Anonymous - Feb 21, 2025Hindi

Career

My son got 97.33 ile.s1 can he eligible for computer science in any nit ..he is obc

Ans: He has a chance in newer and lower-ranked NITs. See previous year's cut off.

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 04, 2025

Asked by Anonymous - Feb 21, 2025Hindi

Career

My son got 97.33 percentile in session 1 can any csc got in nit

Ans: He may get CSE at some lower NITs. See previous year's cut off.

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 04, 2025

Asked by Anonymous - Feb 21, 2025Hindi

Career

My son got 93.10 percentile..we belong to obc NCL..wt is the expected category rank for him??he can get seat in tier 2 nit in any branch??

Ans: With 93.10 percentile in JEE Mains 2025 and OBC-NCL category, your son's expected category rank would be around 40,000 - 45,000 (CRL) and 10,000 - 12,000 (OBC-NCL Rank).
Yes, he has a chance of getting a seat in lower branches in Tier-2 NITs, especially in later rounds of JoSAA and CSAB counseling.

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 04, 2025

Question by Ravi - Feb 25, 2025Hindi

Career

I got 90.50% in jee main sc category can i secure NIT Trichy

Ans: NIT Trichy is at home state ?

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 04, 2025

Asked by Anonymous - Feb 25, 2025Hindi

Career

Someone please tell category: OBC NCL PWD, Gender: male, homestate: tamilnadu, percentile:84.7695471 can i get NIT Trichy any branch?

Ans: With 84.77 percentile, OBC-NCL PWD category, and Tamil Nadu domicile, you have a high chance of getting a seat in NIT Trichy. See previous year's cut off.

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 04, 2025

Asked by Anonymous - Feb 26, 2025Hindi

Career

Can I get mnit bhopal electrical branch as student of home state am st category student my percentile is 82.44

Ans: With 82.44 percentile in JEE Mains and ST category (Home State - Madhya Pradesh), you have a very good chance of getting Electrical Engineering at MANIT Bhopal. See previous year's cut off.

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 03, 2025

Asked by Anonymous - Feb 26, 2025Hindi

Career

My daughter jee paper2 nta score is 89.Is any chance to get b- arch in nit

Ans: With 89 NTA score, she might have a chance in lower NITs like NIT Raipur, NIT Patna, NIT Hamirpur, and NIT Bhopal in later rounds. See previous year's cut off.

Dr Dipankar Dutta |904 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 03, 2025

Asked by Anonymous - Feb 26, 2025Hindi

Career

Sir I have scored 97.148%ile what will be mine CRL rank and OBC NCL category rank

Ans: CRL rank of around 32,000 - 35,000 (approximate).
OBC-NCL rank may be around 10,000 - 12,000.

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x