I am a sole proprietor and I have made some spends for my business using my personal card. Can that be an issue later on or currently as per ITD/Banks per view or any other legal issues?
Should I take a business card?
I've checked and found out only HDFC Biz Black might be rewarding. So I have Swiggy CC will have to close and then apply Biz Black? Limit is 78k so ig can't get a floater card ig.
I had taken cards as salaried earlier so do I need to close my existing cards or do I need to notify bank of anything?
For the usage already done till now can I be held liable in any case or can it lead to imprisonment?
My volume for now is too low probably 10L till now from last year for business spends and normal Personal/Family spends excluded.
I've not yet filed ITR will do it from this year probably I'm consulting a CA as well just want some insights from you guys. If anyone is aware about this situation.
Should I take a business card?
I've checked and found out only HDFC Biz Black might be rewarding. So I have Swiggy CC will have to close and then apply Biz Black? Limit is 78k so ig can't get a floater card ig.
I had taken cards as salaried earlier so do I need to close my existing cards or do I need to notify bank of anything?
For the usage already done till now can I be held liable in any case or can it lead to imprisonment?
My volume for now is too low probably 10L till now from last year for business spends and normal Personal/Family spends excluded.
I've not yet filed ITR will do it from this year probably I'm consulting a CA as well just want some insights from you guys. If anyone is aware about this situation.
