income tax

I am looking to make a payment for income tax payment of 23 lakhs for 2 family member ideally before 15 November. (Can delay if benefits ate worth it) Let me know which would be the best card for this purpose. Existing Cards: hdfc business regalia bob eterna axis select indus legend tiger max...

Which is the best credit card to pay income tax of 4 to 6 lakh? I know this is a repeated question but with constant devaluation and changes in credit cards it’s difficult to keep track. I Don’t have any premium credit cards. I am unable to get biz black, infinia , yes reaerve/marque or any...

Ran into a strange issue. First I get an email saying "rejected due to credit norms". After I ask for detailed response, I get the reply as mentioned in the title. Don't know what went wrong as I have many ITRs filed with the PAN and my cibil shows enquiry from Axis bank. Asked for completed...

A glitch in the Infosys managed CPC software has led to the consideration of partial/unrelated TDS amounts during the system based tax liability assessment, thereby resulted in taxpayers across the country receiving massive tax demand notices including penalties, despite the TDS being deposited...

I heard that people may receive income tax notices if they spend above a certain amount on their credit cards. I have a few credit cards (UPI-Rupay) that I primarily use for transferring money to a friend (in business) who frequently needs immediate funds. As a result, my credit card...

Which is the best credit card to pay income tax of 4 lakh? We are a family of six members, so have multiple credit cards. Don’t have any premium credit cards. Won’t mind getting even cashback. Have the Following cards in family Indus Legend Indus eazydiner Indus tiger Indus rupay Hdfc Regalia...

Hi , I have to pay Income tax , So , i have tried paying by Upi method from canara bank payment gateway . i have got the pop up on my mobile to pay the tax . I have paid through my Indusind Rupay CC and got declined . then amount got debited as it says it took to long to respond . Income tax...

I purchased Unlisted ESOPs(US company stocks) in May 2023 from my previous company. It is taxed based on Fair Market Value(FMV) at the time of exercise - Exercise Price, This is already shown as Income from Salary in Form 16. Do I need to report these under Scheduled FA (A3 - Foreign Equity...

Hi Folks, My HDFC current a/c RM 👨‍💼 is telling me if I make any Purchases using HDFC Business debit card 💳 (current a/c), the expenses will be lodged in my Personal Pan instead of my Company Pan, whereas my ICICI RM is saying it will reflect only in my company Pan. I am confused, What is the...

I've both IDFC First Bank Wealth credit and debit card. On Wealth credit card, I've already crossed the threshold spend of Rs. 20k in current bill cycle. Will I get 10X reward points for income tax payment of around 92k ?? Since there's NIL charges on debit cards, will Wealth debit card give...

Hi All, I hold following cards and would like your suggestion for payment for making payments for ITR, advanced tax, property tax and NPS contribution - Amex Plat Travel Amex MRCC BOB eterna SC Ultimate Please suggest if you have any other card recommendation for these payments.

1) As the title says, I found tax dues pending while filing ITR. The dues are above my credit card limit for all cards individually; So is it possible to pay some amount by one CC and remaining by 2nd CC ? 2) I also saw that transaction charges of credit card on SBI payment gateway is showing...

I am a salaried employee with some capital gains. When I started filing ITR 2 , I see that Salary in schedule salary is showing as 0. Ideally It should fetch original salary from form 16/AIS but It is not coming that way. Has anyone faced the same error?

According to taxconcept webpage, UPI transaction to bank accounts will now be considered as income and will need to be reported in income tax!! Refer the article below. https://taxconcept.net/income-tax/upi-transaction-limit-in-bank-account-as-per-income-tax-2024/

I will be paying income tax of about Rs.3 lakhs, planning to get ICICI Amazon pay or Standard Chartered Smart Cashback card for the same. Please help me with the following: How soon the card application be processed? I am an existing customer of SCB but no relationship with ICICI Would any of...

As I calculated, I have to pay just over 1L as ITR tax due within the end of next month. I have the below cards (not mentioning all the cards): Yes marquee SBI cashback Icici sapphiro and APAY IDFC wealth AU Zenith HDFC neu infinity Bob premier Kotak Myntra Federal Imperio Axis Airtel Please...

ICICI Bank interests not showing up in Form 16AS or AIS. Today is June 10. What to do? Pls suggest.

Is it a viable option to pay the income tax of me and my family members to hit the 7.5L spends criteria required for Infinia? I have a regalia gold with a limit of over 8L. Right now, I am short 2L and by the time I have to pay the taxes it will be about 3.5L. Will this be an issue for HDFC...

This financial year is ending on 31st march and as a Bank requirement by tax laws of India Banks & Financial institutions will be reporting some transactions to Income Tax department. So, check the below article to know about: What transaction may invite the IT deptt. scrutiny? How to respond...

Can I get income tax notice if I use my 4 rupay credit card transactions of 18 lakh in a month, since they all are rupay, hence I am not using my own money, just withdrawing it from cc and paying back to cc, so 60k a day * 30 days=18 lakh monthly through rupay credit card upi? so basically i...