Amex Combined card reporting to ITR

[Vineeth Ranganathan]

Hello,

I have 4 cards from amex, and as per rule i think upon a 10L and above repayment to a credit card the bank has to report it to the ITR.

I wanted to ask if the 10L limit is combined for the cards or is it per card basis, also i have 2 charge card and 2 credit card, does it change for charge card or its the same rule like for the credit card ?

Any one with similar experience ?

 

[SSV]

Hello,

I have 4 cards from amex, and as per rule i think upon a 10L and above repayment to a credit card the bank has to report it to the ITR.

I wanted to ask if the 10L limit is combined for the cards or is it per card basis, also i have 2 charge card and 2 credit card, does it change for charge card or its the same rule like for the credit card ?

Any one with similar experience ?

COmbined .. ..

 

[Vineeth Ranganathan]

COmbined .. ..

Thanks man, do you also know if the reporting will be done only at the end of the financial year or immediately when we reach 10L limit ?

 

[SSV]

Thanks man, do you also know if the reporting will be done only at the end of the financial year or immediately when we reach 10L limit ?

After . . FY