1.12 Crore Income Tax Notice for Credit Card usage !

[HumorSimpson]

Wow, investing so much time, money and energy into rotating funds and maximizing rewards, instead one should spend on skilling up.

money churing is their skill and they are skilling it up

 

[niloy1994]

My annual income is 4 lacs 20 thousands in 2024-25 FY . I spent around 7.5 lacs by credit card in 2024-2025 FY. Maximum spend is for my relatives. Should I worry about that ?

 

[aayusharyan]

My annual income is 4 lacs 20 thousands in 2024-25 FY . I spent around 7.5 lacs by credit card in 2024-2025 FY. Maximum spend is for my relatives. Should I worry about that ?

Usually banks mark SFT over a credit card bill payment of 10 lacs or a cash deposit of over 1 lac. How did your relatives pay you back?