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BharatNXT: Best App for Rent Payment with Credit Card!! (@1.59% charges)

No, following quote is one of the reason. Also, I don't have high utility payment rewarding cards that can compensate convenience fee.
Agree the fact but I did a different loot yesterday
I had around 580/- for referral so used magnus 50k to pay Tata neu card
Created a beneficiary with neu card number and successfully credited today to hdfc lol
 
Even with 1.3% it provides a whole lot of easy of use, worry free and most secured transaction mode at the moment, if one have referrals thats double dip on rewards return rate 😉
 
If I transfer 1L using Axis Magnus, and they transfer it back to me using UPI, what are the Tax implications on both parties? Any CAs in this chat?
I just want to do it to meet the milestone rewards threshold. I know card ban is a potential downside, but just want to do it once this month.
 
I have a question they have mentioned now bank account as a business payment can we still use that feature and take money into bank account like i transfer to my mom and my mom transfer back to me with 2 different logins. Is this safe from income tax perspective as well ?

Thank you

After the new update , the option to others bank account is now over
Business payment option came instead of that and it has similiar methodology
 
I have a question they have mentioned now bank account as a business payment can we still use that feature and take money into bank account like i transfer to my mom and my mom transfer back to me with 2 different logins. Is this safe from income tax perspective as well ?

Thank you


Business payment option came instead of that and it has similiar methodology
This may get reported as business income to IT dept. Very risky doing it
 
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