Do rupay credit card transactions attract income tax notice?

[sidp]

Due to the MDR even big merchants refrain and prefer UPI.

Upi on cc has highest mdr. Now a lot of merchants are blocking upi on cc.

 

[Tejo]

Due to the MDR even big merchants refrain and prefer UPI.

They could wantedly charges us like how they charge GST

it's not just MDR, even due to settlement.

If settlement is fast, mdr charges are high, if settlement is slow, mdr charges are low

Many Indian businesses runs on the loans(taken in hand from another) ... The fools will pay high interest too for lenders but will not afford 0-3% for their saviors. This type of business will end up with time eventually like in the US.

 

[techt]

Many Indian businesses runs on the loans(taken in hand from another) ... The fools will pay high interest too for lenders but will not afford 0-3% for their saviors. This type of business will end up with time eventually like in the US.

The auto drivers pay 1000s for the auto stand rather than going with OLA/UBER.

 

[vaibhav111]

@vaibhav111 .

Yes i too was searching for gopal thread but i forgot the thread title .

how can i help here.

 

[techt]

how can i help here.

Go and find that pal ' s thread.

 

[Tejo]

how can i help here.

@DocFixIt ....

AIS & Credit Card Usage Notice

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...

www.technofino.in

 

[Vasuki]

@DocFixIt ....

AIS & Credit Card Usage Notice

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...

www.technofino.in

Yes i know i was saying to pin this ..for future reference 🥸

 

[#aniket]

@vaibhav111 .

Yes i too was searching for gopal thread but i forgot the thread title .

I searched and then only commented. 🤣

 

[Anil_Singh]

And here I am skeptical about rotating 20k per month. Bhai, kaha se late ho itne guts.

 

[Vasuki]

And here I am skeptical about rotating 20k per month. Bhai, kaha se late ho itne guts.

Your hdfc limit is 25 k u can't rotate much even if u want to 😁😁

 

[Anil_Singh]

Your hdfc limit is 25 k u can't rotate much even if u want to 😁😁

Only HDFC limit is 25k. Baki ke sabhi cards me 1.6L se upar hai. ICICI wale to 3L se upar hai. 😜

 

[CardCraftsman.]

Reply kar deta hu updated rahunga 😂.
Movie ❌ TF ✔️

 

[NShah]

18L per month 😱
Idhar is month sirf 1.5L kiya hai usme bhi Darr lag raha 😂

 

[romilq]

Darr ke aage jeet hai! Socho!

18L per month 😱
Idhar is month sirf 1.5L kiya hai usme bhi Darr lag raha 😂

 

[NShah]

Darr ke aage jeet hai! Socho!

Darr aage ITD hai 🤣🤣

 

[Animal]

Can I get income tax notice if I use my 4 rupay credit card transactions of 18 lakh in a month, since they all are rupay, hence I am not using my own money, just withdrawing it from cc and paying back to cc, so 60k a day * 30 days=18 lakh monthly through rupay credit card upi?

so basically i have a mobiquick merchant account and i am doing all these transactions through them and getting back them in my account and finally paying bills for earning reward points from banks through this credit card transactions and i am a student by the way and i don't have any job or proof of income, so i want all of u to answer wheather it will attract income tax notice or not because i will not be able to justify how i am using 18 lakh and paying them back as well with zero credit card dues.

Btw, what are you studying? want to become CA or IT officer?

 

[Pack_of_Cards]

First thing why you asked in this group and obviously you need to declare this income you're receiving. Have Heard of income slab? Old regime & new regime. And 18 lakhs per month that insane amount of money.. to be receiving.. like you're purising education In what exactly cause this is basis knowledge.

Why wouldn't he? a lot of secret groups exists on this forum that churn out money rotating schemes, what is new if a fresh thread is created. Lot of people do it, let them do, let them feel the heat.

 

[Zacobite]

Can I get income tax notice if I use my 4 rupay credit card transactions of 18 lakh in a month, since they all are rupay, hence I am not using my own money, just withdrawing it from cc and paying back to cc, so 60k a day * 30 days=18 lakh monthly through rupay credit card upi?

so basically i have a mobiquick merchant account and i am doing all these transactions through them and getting back them in my account and finally paying bills for earning reward points from banks through this credit card transactions and i am a student by the way and i don't have any job or proof of income, so i want all of u to answer wheather it will attract income tax notice or not because i will not be able to justify how i am using 18 lakh and paying them back as well with zero credit card dues.

Get a good CA / keep account and pray that ITD doesn't ask questions! If you cant justify don't do it...