AIS & Credit Card Usage Notice

[gopal sharma]

My father is policeman and he filled itr of 8 lakh. I am using my father pnb rupay credit card for reward purpose,i opened a 1 merchant account in bob bank and by using bob account i do a daily transaction of 1lakh ruppe from my father pnb rupay cc by upi.the amount i recived in my account i returned in the same credit card at same day,by continue doing this i paid nearly 56 lakh of credit card but bill always generated in 1000 or 2000 only,is this reported in ais portal if this reported what should i do,should i save myself? Kyunki papa bahut marengey,and mein itr fill nhi krta mere current account mein 40 lakh amd saving account mein 56 lakh ka transaction hain from april 2023... please help me

Edit/Update:
In this pnb credit card, my statement is in negative but payment and other charge is more than 23 lakh, will it report on ais

 

[SpiesCan'tCatchMe]

I'll be watching over this thread, that's a pretty messed up situation. As per what I've read in the forum: you should not spend more than 10 lakhs from a single cc in a financial year if you're spends are not genuine ( money rotation, rent payment, self transfer via any route).

 

[KLB@96]

BRO WTF , THIS IS SO FKCED UPPPPP

 

[imdjay]

Good Luck.
Kuch bhi ho G to tuttni hai.

 

[4uziaul]

My father is policeman and he filled itr of 8 lakh. I am using my father pnb rupay credit card for reward purpose,i opened a 1 merchant account in bob bank and by using bob account i do a daily transaction of 1lakh ruppe from my father pnb rupay cc by upi.the amount i recived in my account i returned in the same credit card at same day,by continue doing this i paid nearly 56 lakh of credit card but bill always generated in 1000 or 2000 only,is this reported in ais portal if this reported what should i do,should i save myself? Kyunki papa bahut marengey,and mein itr fill nhi krta mere current account mein 40 lakh amd saving account mein 56 lakh ka transaction hain from april 2023... please help me

Better tell your father, and get in touch with a good CA.

 

[VISHESH_BANSAL]

Better tell your father, and get in touch with a good CA.

CA bhi Hands Up kar dega , aise case m😂

 

[InsaneYuvi]

And here I am worried whether I should add 40k to the amazon pay every month and than transfer it to the bank or not...... 😂

 

[jack333]

Better tell your father, and get in touch with a good CA.

Bas zara dekh ke disclose karna pappa ka mood thik ho aur lathi ya bandook aas pas na ho 🤣

 

[jack333]

Aur ek meherbani aur karna pappa ko bolna maine Yeh trick arindam ki youtube video se seekhi. You'll be doing a great social service by saying that and saving many young men from situation like this in future 🤣

 

[SpiesCan'tCatchMe]

Or you can tell your father card details leak ho gayi aur kisi dusre ne itne sare transactions kar diye, pata nai kaise ho gaya ye sab

 

[varun__goel_]

And here I am worried whether I should add 40k to the amazon pay every month and than transfer it to the bank or not...... 😂

Same here🤣🤣

 

[varun__goel_]

Or you can tell your father card details leak ho gayi aur kisi dusre ne itne sare transactions kar diye, pata nai kaise ho gaya ye sab

Phir vaapis payment kse kri😛

 

[4uziaul]

Aur ek meherbani aur karna pappa ko bolna maine Yeh trick arindam ki youtube video se seekhi. You'll be doing a great social service by saying that and saving many young men from situation like this in future 🤣

Aur do naam bhul gaye

Vineet aur Abhishek 😂

 

[jack333]

Or you can tell your father card details leak ho gayi aur kisi dusre ne itne sare transactions kar diye, pata nai kaise ho gaya ye sab

Bhai pappa police me hain. Yeh reply commonly sunte honge 🤣. Koi naye wala socho

 

[Rocky Bhai]

Or you can tell your father card details leak ho gayi aur kisi dusre ne itne sare transactions kar diye, pata nai kaise ho gaya ye sab

Acha to cards details chori kar k roj 1 L rs nikal liye aur roj wapis bhar bhi diye wa Bhai kya explanation hai 😂

 

[SpiesCan'tCatchMe]

Acha to cards details chori kar k roj 1 L rs nikal liye aur roj wapis bhar bhi diye wa Bhai kya explanation hai 😂

🙈 maaf kardo bhot hi bura suggestion tha mera

 

[jack333]

Acha to cards details chori kar k roj 1 L rs nikal liye aur roj wapis bhar bhi diye wa Bhai kya explanation hai 😂

Mujhe lagta hai jab isne first time nikale to wapis karne ka bilkul mood nahi hoga par jab sham ko pappa ko dekha to turant wapis kar diye 🤣

 

[Vaastav]

There are 2 issues here :-

(1) Merchant Account you opened :- The Daily Credits of 1L would be stated as business transaction. Merchant Account requires PAN for opening and I don't see how you would be able to justify this credit. Only Solution I can think of is showing this under 44AD and 6% of 56L i.e 336000 would be your deemed income.
(2) 56L Spend on Your Father's CC :- Your Father's Income is 8L/annum and you've already spent 7 times of this. I'm guessing this would be the only time any Spend over 10L have been done on your Father's CC. And if he is regularly filing ITR for Several Years then this one off high expenditure shouldn't make an issue.

I can't understand what were you thinking before doing such transactions for mere 1-2% Rewards??

 

[Rocky Bhai]

Or you can tell your father card details leak ho gayi aur kisi dusre ne itne sare transactions kar diye, pata nai kaise ho gaya ye sab

Aur uske father ko pata chala chor Ghar me hi hai to 🤣

 

[InsaneYuvi]

Acha to cards details chori kar k roj 1 L rs nikal liye aur roj wapis bhar bhi diye wa Bhai kya explanation hai 😂