can anybody summarize the whole story with conclusion? i stopped reading at page 15.
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AIS & Credit Card Usage Notice
- Thread starter gopal sharma
- Start date
gopal sharma
TF Select
Ca ne bola h sheet bna k rkhlo , in short source btana h jyda dikkat baat nhi h
So you will disclose the rotation of Money from Credit Card to bank account. Then they might be interested in looking for your potential income generated and then charge you for Tax evasion.
gopal sharma
TF Select
As a loan show krega ye bola h ca ne
raghu.rokda
TF Ace
Itne din tak aap kaha the prabhu
Bhai CA ka number share kar do yahan ludodom ke bahut bhakt log hain jinko zarurat padegi 🤣
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Papa ki maar se koi CA ni bachaega!! lol
How do you transfer money from Amazon pay to your bank?
Tejo
TF Legend
Sorry I didn't understand.
I thought Amazon pay wallet money cannot be transferred to any other person or Bank.
Paytm, Phone pe, mobikwik wallets are possible, but not Amazon pay wallet
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techt
TF Legend
@gopal sharma thanks for updating us. Suggest your CA to become a member of this group. He will have good business.
AllThatStuff
TF Ace
Quick Question:
Suppose I am spending 1L each month on my CC, but paying the amount b4 statement is generated.
So, in a FY I've spent 12L, but the statement generated each month is of Rs. 0.
So, in such a case, will my bank report it to AIS or not??
Suppose I am spending 1L each month on my CC, but paying the amount b4 statement is generated.
So, in a FY I've spent 12L, but the statement generated each month is of Rs. 0.
So, in such a case, will my bank report it to AIS or not??
yes, it doesn't matter how much is your bill. It is about the expenses.
RAMESH BABU N
TF Ace
You need to confirm it from your CC issuer. What components of data they are giving to ITD - is it debit and credit summations or only the statement billings or something else (like a dump of all transactions).... Unless we know that, your question can not be answered accurately. The problem with ITD is that their approach is extremely dynamic. What is applicable yesterday and today may not be there by the nightfall or tomorrow. This you must remember.
Harshal4
TF Select
Yes, All the cc repayments, Early or later on will be counted for 10L. Even they also include refunds as repayment in some banks.
Total credits to the account should be less than 10 lacs from 1 Apr to 31 March.
The bank has to report the credits and payments over 10 lakhs in a financial year
AllThatStuff
TF Ace
If such is the case then all the spends done now(22nd Feb) will be repaid in April i.e. 2024-25…isn’t it??
(Assuming that the Feb statement is already generated)
Yes, in that case those amounts will be considered for the next FY
This is the rule, please read carefully word by word, all your doubts will be cleared...
