I work for a college. It is run by a trust and so we did not have a bank account with netbanking facility. And during the pandemic I transferred the staff salaries by to the staff accounts by first transferring the lumpsum amount from the college account to my personal account (with netbanking) and then transferred salaries from my account to the staff accounts.
My query is whether I will be liable to pay income tax due to this transaction.
My query is whether I will be liable to pay income tax due to this transaction.