Paytm Merchant account

[PSC_Infinia]

Creating a Paytm merchant account and transferring from own Rupay card to savings account, can it create a problem in ITR?

 

[ashwinkashwink is verified member.]

Obviously yes .

 

[PSC_Infinia]

Obviously yes .

Any solution to this? Like if there is any limit or something?
Or is there any other method to create a safer merchant account?

 

[Deleted member 13721]

Please go through all the pages, and make sure not to miss any of them. 🤭

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

 

[ashwinkashwink is verified member.]

Any solution to this? Like if there is any limit or something?
Or is there any other method to create a safer merchant account?

Refer these threads

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

Income tax notice for credit card spends..

Hello everyone . It's Rule that Bank will report transactions above 10 lacs in a year by any person to income tax authorities.. i have seen many people rotating money by rent, bills payment or selling credit cards.. well infact, I am too a part of it.... Has anyone recieved notice from ITR...

www.technofino.in

Got income tax notice for credit card spends

I have placed various orders from Flipkart with Flipkart Axis Bank credit card and after buying those orders sold them outside at lower prices.I gave the outside shopkeeper a lower price than the prize I bought.But since I got five percent cashback, I got some profit and not loss. Besides...

www.technofino.in

 

[HasdaChehra]

is this new shortcut for easy money now days?
@4uziaul ke message me b kisi ne yahi scheme use ki

 

[Vishnubs]

I have been raising tickets for the past 8-10 months to close my Paytm Merchant account (Paytm for Business) and they are simply closing those tickets doing nothing. If I call Paytm support, half the time it doesn't get connected, whenever it is connected to a support agent, I have been asking the reason why it's not closed by giving refrence of old tickets. They say that they can't search details about other tickets. I many times receive call from them for formality whenever I generate tickets, they say that in next 24-48 hours it gets closed and nothing happens. I strongly believe they are following such practices to stay relevant in market and not lose customer base which is already shrinking and being occupied by Phone Pe, GPay, MobiKwik etc. Now, to escalate it to next level, I asked them an email address like Nodal / Grievance team, still they hesitate to give. Anyone is facing such issues? Please suggest how I can get it closed without much struggle and follow-ups.

 

[subhodeepd7]

I have been raising tickets for the past 8-10 months to close my Paytm Merchant account (Paytm for Business) and they are simply closing those tickets doing nothing. If I call Paytm support, half the time it doesn't get connected, whenever it is connected to a support agent, I have been asking the reason why it's not closed by giving refrence of old tickets. They say that they can't search details about other tickets. I many times receive call from them for formality whenever I generate tickets, they say that in next 24-48 hours it gets closed and nothing happens. I strongly believe they are following such practices to stay relevant in market and not lose customer base which is already shrinking and being occupied by Phone Pe, GPay, MobiKwik etc. Now, to escalate it to next level, I asked them an email address like Nodal / Grievance team, still they hesitate to give. Anyone is facing such issues? Please suggest how I can get it closed without much struggle and follow-ups.

Same issue. Everytime they call and say it would be closed in 2 days but never happens.