Mynameisjoker99
TF Select
Has anyone recived IT NOTICE yet ? As FY had ended.
For Credit card bill payment >10L
Pls share your experience here.
For Credit card bill payment >10L
Pls share your experience here.
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Income tax notice for CC spends above 10L in 2025
- Thread starter Mynameisjoker99
- Start date
- Replies 19
- Views 1K
Why will you get notice for CC bill payment, already paid 50L CC bills.
What kind of notice you want to get ??
bro, how can ITD send notice before the filing of ITR?
Pravin1156
TF Premier
Did you get any notice? Only for non return for any years they ask for feedback for high value transactions
Hey, @Mynameisjoker99
Just saw your another thread, -
Rotation of card money .
Well, am noob (in some FY, hardly less than 50k spent via CC)in that matter -
Experts are here, they can better guide - pls confirm, it's the same issue
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Mynameisjoker99
TF Select
I'm not saying notices will come before filing ITR. I’m just asking whether anyone has received a notice now that FY 2024–25 has ended—especially if their credit card bill payments crossed ₹10L during the year.
Since April 2025 has started, the system can start flagging cases for scrutiny or mismatch before or during ITR processing. So I’m curious to know from others’ experiences—has anyone who had high CC spends already received any kind of IT notice or query?
Not trying to panic anyone—just looking for real cases, if any. Thanks!
Since April 2025 has started, the system can start flagging cases for scrutiny or mismatch before or during ITR processing. So I’m curious to know from others’ experiences—has anyone who had high CC spends already received any kind of IT notice or query?
Not trying to panic anyone—just looking for real cases, if any. Thanks!
IT is not so fast. They will send after 3-4 years. Not immediately.
So the user is more interested in getting Notice or situation. 😂
Mynameisjoker99
TF Select
and that's the 🎯 point/problem is, you never know, when they love 💕 to hear you....
The due date for filing SFT by the bank is 31st May of the succeeding financial year. Before that how can ITD know that who was spent more than 10 Lakhs from CC.
It seems to me op paid bills of CC through different CC, hence in rotation it crossed 10 Lakh in total, now -
Q is ITD - CAN or WHEN sent notices for this kind of situation !!!
"Basic of credit card usage"👏
Loki_Fino
TF Select
It's nothing do with those transactions are made self transaction any mode either cc to cc/cc to wallet/bank to wallet/wallet to bank/..etc the general logic tracking the income flow to your account from where/whom/ similarly income flow out of your account to where/whom money rotation easily tracking by PAN+Adhar linked everywhere i.e Adhar carry your identity and PAN carry the transaction information since self doesn't not involved any huge earnings unless it's business transactions, so it's very rare such cases may ask for explanations and only earning/profit with all lumpsum in year need to report in other sources of income if they asked and if it's found huge earnings. It's general relaxations. If you income flow involved multiple PAN then they might ask if any income with that transaction. So the conclusion is as long as you do self transaction with same PAN involved nullified. Do not need to worries for this. So many other are looting in crores they will not looking for paise wala...it not make any sense spending time with them.
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