Ideally no. But Card provider can block your card and ban you from getting card again.Let us say that I’m uploading money on wallet by paying 2-3% commission and then rotating money and I get IT notice. Is rotating credit card money illegal?
Ideally no. But Card provider can block your card and ban you from getting card again.Let us say that I’m uploading money on wallet by paying 2-3% commission and then rotating money and I get IT notice. Is rotating credit card money illegal?
There's nothing illegal about rotating money via CC. But the problem will arise when you get notice. You have to explain each and every entry in the bank account to the ITO. It will be time consuming.Let us say that I’m uploading money on wallet by paying 2-3% commission and then rotating money and I get IT notice. Is rotating credit card money illegal?
That’s good. If I ever figure out a way, I’d be more than happy to give sometime to IT too😂There's nothing illegal about rotating money via CC. But the problem will arise when you get notice. You have to explain each and every entry in the bank account to the ITO. It will be time consuming.
The question of legality will arise only if the amount itself is large.Let us say that I’m uploading money on wallet by paying 2-3% commission and then rotating money and I get IT notice. Is rotating credit card money illegal?