butnwhy will i treat it as transfer income as the bank has received the payment for its dervice

It seems like you're asking why a payment received by a bank for its services would be considered transfer income. Here's a step-by-step explanation:

1. Definition: Transfer income refers to the income received without providing any goods or services in return. It's usually in the form of gifts, grants, pensions, or subsidies.

2. Bank Services: When a bank provides a service, such as loan processing, account management, or financial advising, it charges a fee. This fee is the bank's income for providing that service.

3. Not Transfer Income: Therefore, the payment received by the bank for its services is not considered transfer income. This is because the bank is providing a service in return for the payment, which does not fit the definition of transfer income.

4. Misunderstanding: If someone suggested that this is transfer income, there may be a misunderstanding or miscommunication. It's important to clarify the nature of the income and the services provided.

5. Correct Classification: The correct classification for this type of income would be service income, not transfer income.

I hope this clears up the confusion!