Dear Friends >> in this video, I Just try to Give a Basic Knowledge About Income tax on Credit Card Transaction, And If You Want to Guide Some Things Else So You Can...
My ITR is 2.5 Lakh, Yearly spending in Credit Card 8 Lakh, Yearly spending in bnpl (Lazy Pay, Slice) cards 4 Lakh, (Rs 40000 / month , Rent pay krta hoon apne ap ko) (Friend ka bill payment bhi karta hoon) Income Tax notice aane ka chance hain kya ?
sir credit card use karne par due payment count huga ya fir transaction par tax example July month ka bill due amount 10000 hai but Maine transaction 25,0000 ki hai ab mera konsa count hoga
Sir m lic agent hu or credit card se 2 lakha per month ka alag alag card se primunm jama kerta hu log mujhe phone Pay or cash date h cash ko bank m jama kera deta hu fir card ka payment kerta hu kya notice aa sakta h kya
Dear sir, Recently I’m facing some dilemma while filing my tax return. Sir my Gross salary is Rs 140283 as per my form 16 of financial year 2021 2022. In my AIS, the bank of one of the credit cards have reported STF06 of Rs 14463866. In actuals, I had transferred this amount to another bank account in the garb of bill payment through a third-party app, for which the third-party app used to charge a fee fee of 1.1% plus GST as service charge. And in this manner I did my rotation and in the process of which I had earned certain amount of reward points. I have proof of my credit card transactions and third-party app digital transactions for the above-mentioned money rotation. In AIS is it showing that I made a credit card payment of Rs 14463866. However my earned income is only Rs 140283, and my source of income is salary and stock market trading only. I haven’t find my ITR yet and hence haven’t got any notice. However I have checked AIS and found the reporting done by my credit card bank. PLEASE guide in the following aspects: 1. How should I fill my return in a manner that I don’t get a notice. 2. Should I report my rewards income? If yes then under which head? 3. If I get a notice, what should be my next step?
Sir maina aapka RUclips PE vedio dekha please answer me this question. Sir yadi koia 2000000rs ka credit card se paytm rent pa payment Karta hai ek financial year ma and har payment ka bill generate hone se pehle payment advance me kr deta tha in this case kya mujha tax ka notice aayaga sir please reply me. Ye mujha pata nhi . Please reply me sir
How about revolving credit. Means total annual billing from credit card 15 lac but one card bill is paid thru another credit limit. In that case whether notice will come?
Sir This 10 lakh Capping is for the amount of generated Bill of Credit Card Or The Amount spent ??? If i spent an amount and repay that amount before the generation of the bill will that be counted in this 10 lakh limit ?
Hi Mam, U usually take money from credit card and after getting my salary i pay bill and again take money from credit cards via Apps(paytm.phonepe and so).But today i received email from Income Tax as High value transaction of 56L. not sure what to do as it is from credit cards amount only.how do i justify this as feedback.?
Ek video jisme credit card Se paise kamana bata rahe Ho Aap..jo koi Credit card Se paise Kamayega to uske transaction Jyada honge Aur wo income tax ke radar me Aa jayega...isliye Galat way mat Batao Kisi ko Ki wo Barbad Ho jaye
How much tax to pay if we have many cards and used in Bharat pe aap and earn money can u explain in new video please can u make one more video in very clear format
Bhai meri monthly income kuchhh nahi hai... Bus account me 10k hai... Use mere sbi debit card se paytm wallet me money add karke use wapas same sbi account me send to bank account karke wallet se bhej deta hoon iss tarah one month me total 10 baar karta hoon... MATLAB 10 baar debit card se 10k paytm wallet phir wallet se same account me 10 baar karta hoon toh total monthly transaction hua 100k ka... Ab ye taxable hoga ki nahi.... Jabki mere account me 10k hi rehte hain usi ko circulate karta rehta hoon.. Bhai reply jaroor karna.... Thanks
Bhai mai bhi kuch aisa hi karta hu or mujhe bank k taraf se bar bar msg ata hai ki aap income proof bank me jama kare, jabki mai ITR kabhi bhara hi nahi, is bar ITR bharne k liye majboor hu, agar ITR me nahi bataya ki paisa kaha se aya hai to income tax ka notice aa jayega, Apko bhi april k bad ITR bharna hoga, Detail me jankari k liye kisi achche C.A se miliye,
Agar CRED me use krke card or wallet me add krke spend kre to koi problem thodi aati hai Dosto ko use krvaye or unke account se he vapas deposit kre to kya problem aati hai btaye
Mai credit card se rent pay ke through apne account me jarurt padne pr cash ke form me paise nikal leta hu aur at the end of month payment kr deta hu... Transaction 10 lakh se uper ho gya h.. Transfer credit card money to own account... Kya muje notice ayega???
Dear Friends >>
in this video, I Just try to Give a Basic Knowledge About Income tax on Credit Card Transaction,
And If You Want to Guide Some Things Else So You Can...
My ITR is 2.5 Lakh,
Yearly spending in Credit Card 8 Lakh,
Yearly spending in bnpl (Lazy Pay, Slice) cards 4 Lakh,
(Rs 40000 / month , Rent pay krta hoon apne ap ko)
(Friend ka bill payment bhi karta hoon)
Income Tax notice aane ka chance hain kya ?
Most clarified video on this topic.
Searching for this for days.
Thank you so much
sir credit card use karne par due payment count huga ya fir transaction par tax
example July month ka bill due amount 10000 hai but Maine transaction 25,0000 ki hai ab mera konsa count hoga
Thanks for sharing valuable information
Dear Deepak jee,
Thanks for watching...
Sir kai baar paytm Mein amount add karte hai credit card se or vo bank me transfer kar lete hain to vo income mani jayegi.
Respected Sir,
Credit card transaction per month & per year limit kitna hai ?
sir credit card se bar bar transaction karte hai to tax notice aa sakta hai
Sir m lic agent hu or credit card se 2 lakha per month ka alag alag card se primunm jama kerta hu log mujhe phone Pay or cash date h cash ko bank m jama kera deta hu fir card ka payment kerta hu kya notice aa sakta h kya
Hello sir pls answer
If i spend in the prepaid cards like slice,lazypay which are issued by NBFC then it will be counted under credit card or not?
Sir rant payment kark crdit card limit use karna sa income tax problem hoga plz pick my question
Bhai cashback ke lia pese bs rotate kia hain nikale fir instant repayment kr di
Bill due 0 hai
To kya fir bhi notice aaiga kya
Sir
Same question Bhai
Do u got answer????
@@anirudhkarthi no bro aapko mile to batana
May vi iss questions ka answer dhunrahahu?
Did anyone get any answer?
Dear sir,
Recently I’m facing some dilemma while filing my tax return.
Sir my Gross salary is Rs 140283 as per my form 16 of financial year 2021 2022. In my AIS, the bank of one of the credit cards have reported STF06 of
Rs 14463866.
In actuals, I had transferred this amount to another bank account in the garb of bill payment through a third-party app, for which the third-party app used to charge a fee fee of 1.1% plus GST as service charge. And in this manner I did my rotation and in the process of which I had earned certain amount of reward points.
I have proof of my credit card transactions and third-party app digital transactions for the above-mentioned money rotation.
In AIS is it showing that I made a credit card payment of Rs 14463866. However my earned income is only Rs 140283, and my source of income is salary and stock market trading only.
I haven’t find my ITR yet and hence haven’t got any notice. However I have checked AIS and found the reporting done by my credit card bank.
PLEASE guide in the following aspects:
1. How should I fill my return in a manner that I don’t get a notice.
2. Should I report my rewards income? If yes then under which head?
3. If I get a notice, what should be my next step?
Sir maina aapka RUclips PE vedio dekha please answer me this question. Sir yadi koia 2000000rs ka credit card se paytm rent pa payment Karta hai ek financial year ma and har payment ka bill generate hone se pehle payment advance me kr deta tha in this case kya mujha tax ka notice aayaga sir please reply me. Ye mujha pata nhi . Please reply me sir
Sir credit card se ham sre paise nikal kr Bharat pay me rkhate hai to income tax notice aa skta hai limit hai 80000
Plz ans. Me 🙏
How about revolving credit.
Means total annual billing from credit card 15 lac but one card bill is paid thru another credit limit.
In that case whether notice will come?
Yes , I am facing this issue but i am not sure what to do
@@rahulmekala5901 then what is solution I am also in this situation please replay
What if we donot e vrify original return
And revise it
Sir This 10 lakh Capping is for the amount of generated Bill of Credit Card Or The Amount spent ??? If i spent an amount and repay that amount before the generation of the bill will that be counted in this 10 lakh limit ?
Hi Mam, U usually take money from credit card and after getting my salary i pay bill and again take money from credit cards via Apps(paytm.phonepe and so).But today i received email from Income Tax as High value transaction of 56L. not sure what to do as it is from credit cards amount only.how do i justify this as feedback.?
Kya kiya aapne
please sir what you do... Please sir reply🙏
I have 4 credit card how much spend in financial year? my in come below 5lack. Please reply sir I am not tax payer.
My Spending 9L in cc and more then 10L payments bcus of Loan EMI in CC. Annual limit 10L cross hua kya? Notice aata kya. Pls reply...
Ek video jisme credit card Se paise kamana bata rahe Ho Aap..jo koi
Credit card Se paise Kamayega to uske transaction Jyada honge Aur wo income tax ke radar me Aa jayega...isliye Galat way mat Batao Kisi ko Ki wo Barbad Ho jaye
How much tax to pay if we have many cards and used in Bharat pe aap and earn money can u explain in new video please can u make one more video in very clear format
Transaction pr to bank charges lgte hai rtgs neft
Dear k Runfast jee,
I am talking about income tax on transaction...
Bhai meri monthly income kuchhh nahi hai... Bus account me 10k hai... Use mere sbi debit card se paytm wallet me money add karke use wapas same sbi account me send to bank account karke wallet se bhej deta hoon iss tarah one month me total 10 baar karta hoon... MATLAB 10 baar debit card se 10k paytm wallet phir wallet se same account me 10 baar karta hoon toh total monthly transaction hua 100k ka...
Ab ye taxable hoga ki nahi.... Jabki mere account me 10k hi rehte hain usi ko circulate karta rehta hoon..
Bhai reply jaroor karna....
Thanks
Bhai mai bhi kuch aisa hi karta hu or mujhe bank k taraf se bar bar msg ata hai ki aap income proof bank me jama kare, jabki mai ITR kabhi bhara hi nahi, is bar ITR bharne k liye majboor hu, agar ITR me nahi bataya ki paisa kaha se aya hai to income tax ka notice aa jayega,
Apko bhi april k bad ITR bharna hoga,
Detail me jankari k liye kisi achche C.A se miliye,
to aisa krte hi kyu ho ?
@@mukulpanchal7220 majburi kaho ya fir kuch fayda
hm paytm cashback points milte honge 😅 shyad isliye
Bhai abhi tak SBI waalo ne call nahi kiya... Dekhte hain kya hota hai.... But ye kaafi confusing hai.... Ye taxable hoga ki nahi...
मेरे पास कोई इनकम नही भाई मेरे पास दो क्रेडिट कार्ड है एक से निकाल कर दूसरे में डाल देता हूं तब क्या होगा
Thanks for this information,,
Thanks for watching..
Good👍👍👍
Thanks for watching..
Agar CRED me use krke card or wallet me add krke spend kre to koi problem thodi aati hai
Dosto ko use krvaye or unke account se he vapas deposit kre to kya problem aati hai btaye
Or manlo card ka payment card se he paytm pr lekr jma kre to phir usme thodi dikaat aati hai
Dosto ko mere card se shipping karda de our fir uske mobile app se credit card bill payment kar diya toh koi dikat h bhai sahab
slice and lazypay transaction income tax me report hogi ya nahi????
Dear Sunny jee,
All Transaction are reported in Income tax Department, besides cash transaction.
@@DyGrow slice and lazypay to cibil me loan dikhata he to woh credit card ke sath count hogi???
Postpe refer link
Bhai slab change ho gya h ab...jo apne dikhaya hai..
Dear Gulvez jee,
Thanks for watching
It's Just For Example..
Abhi kitna h limit?
Bolna kya chahte ho 🧐
Mai credit card se rent pay ke through apne account me jarurt padne pr cash ke form me paise nikal leta hu aur at the end of month payment kr deta hu...
Transaction 10 lakh se uper ho gya h..
Transfer credit card money to own account...
Kya muje notice ayega???
Dear Roshan jee,
if you have Record Your whole transaction then no need to fear...
Kya aap ko notice aaya
Plz Gide
Very good