(only 1.59% charges & 5% cashback) Pay Credit Card bill using Amazon gv or 5% SBI Cashback credit card

[dipakvish]

How are you guys paying sbi cb card due ? With some other method/card ? I have 70k due coming up in next cycle

 

[wanderer0]

How are you guys paying sbi cb card due ? With some other method/card ? I have 70k due coming up in next cycle

https://www.technofino.in/community/threads/38397/ 3 words

 

[ragz]

Yes, working, everyday many people use bank transfer option and get 5% SBI Cashback credit card.

Yes, first time asked your card masked image.

Just make sure merchant name - kottakota business to get 5% SBI Cashback credit card.

for rent payment option, they ask for pan card of account we are adding, so that will show as rent income right? And income will be taxable on slab basis... I asked the same question to hitch app people but they are very conveniently answering other question but skip this one. I asked 2-3 times but everytime they ignored it and just answered other question on chat support. If anyone has clarity kindly share.. as per my understanding it'll be reported under income from rent and it'll cause problems later on as we have to pay tax on it

 

[HumorSimpson]

for rent payment option, they ask for pan card of account we are adding, so that will show as rent income right? And income will be taxable on slab basis... I asked the same question to hitch app people but they are very conveniently answering other question but skip this one. I asked 2-3 times but everytime they ignored it and just answered other question on chat support. If anyone has clarity kindly share.. as per my understanding it'll be reported under income from rent and it'll cause problems later on as we have to pay tax on it

Yes. Definitely IT notice.

 

[wanderer0]

Yes. Definitely IT notice.

What if we choose the other payment option instead of house rent option?

 

[HumorSimpson]

What if we choose the other payment option instead of house rent option?

Don't know as I am not into these tricks. But definitely will trouble.

 

[neo.puneet]

it is an income so only transfer amount that is within tax slabs to avoid trouble

 

[GURPS]

Yes, working, everyday many people use bank transfer option and get 5% SBI Cashback credit card.

Yes, first time asked your card masked image.

Just make sure merchant name - kottakota business to get 5% SBI Cashback credit card.

If we are not doing Bank Transfer to ourselves using Rent option And instead paying actual rent to other third party, (say) of 65K rupees then the payee (receiver) will get IT notice and we should have no burden. Am I right?

 

[neo.puneet]

If we are not doing Bank Transfer to ourselves using Rent option And instead paying actual rent to other third party, (say) of 65K rupees then the payee (receiver) will get IT notice and we should have no burden. Am I right?

you can obviously pay rent via any mode you want, it is the landlord who has to take care of his taxes, not you. Also, limit is 50k per transaction, so split payments.

 

[FinCurious]

If we are paying from our credit card to our account than why it will be tagged as income? I don't think that should be the case.