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income tax

  1. P

    Is refund transaction considered for Income Tax 10 lakhs credit card payment (AIS) per year?

    I have recently made 2 transactions worth 20k each and had to cancel due to some reasons. So the bank has refunded my amount back to the credit card. If total credit card payment received for a credit card is 10 lakhs in a financial year, then banks will report to Income tax and it will appear...
  2. Baki

    GST portal Now Accepts Credit Cards

    Gst Portal Now Accepts Credit Cards. Just DCB & Amex Excluded. Attaching Pic for Charges Details. Information source: My CA
  3. vishalm

    Query on Reflection of spends in income tax related to Replaced/upgraded cards

    Dear All, As we know that the spends of Rs 10 Lakhs and above on a single credit card with bank are reported to income tax some may get notice for high usage if not filed IT returns or huge mismatch of the spends and returns. I got a doubt, for example ICICI card gives two variants of...
  4. 787

    Which card to use for Advance Tax Payment

    Hi Which card is best for advance tax payment. Currently I have Axis Atlas, HDFC Infinia, ICICI Emerald Emirates. Please suggest which is best among there and is there any other card which gives good rewards for income tax payments, then pls suggest those also, will apply for them. Thanks!
  5. marvel

    Credit Card utilisation above 10 lakhs

    Hi guys I am a student and I have HDFC rupay credit card. During the introduction of credit based upi I found a hack which allowed me to transfer from credit card to bank account without any fees. Since I earned reward points on that I mistakenly made transaction above 10 lakhs. Today i received...
  6. unbalanced_tree

    Thinking of downgrading SC Ultimate

    Hi guys I got the SC ultimate card around 11 months ago. Since the renewal fee will be charged in a few weeks, I am thinking whether I should keep this card. I am not happy with the current rewards catalogue. The only voucher that I can use is Uber and that may be removed in the future as well...
  7. cc enjoyer

    Income tax payment using tata neu CC UPI

    Hi everyone, I need to do advance tax payment. Can anyone please tell me if tata neu CCs are available as UPI to do tax payment. What are the charges and do we get 1-1.5 % reward just like any other UPI transaction? Also, I've airtel axis card. Would it give 1% on tax payment?
  8. PreciousTincture

    Best cards for paying Advance tax: Sept 2023

    I usually pay advance tax every month, currently holding Axis Magnus ( with Burgundy ) + HDFC DCB ( aiming for Infinia soon ). with magnus preventing ERs on govt. transaction and HDFC not paying any from the very start. I am looking for other options. With some light research i found out amex...
  9. Aakash800

    Income tax payment cashback

    Hi, i have to pay around 1.4L income tax by the end of this month. And I'm thinking what credit card would be best for this so I can get maximum Cashback. I'm considering HDFC Business MoneyBack, it gives 5% but I don't know if there's any capping on that. Other options I have are Amazon Pay...
  10. RadioactiveTabela

    TDS/Payment Classified as 192 (Salary) in place of 194J (Fees for professional or technical services)

    Hello folks, One of my retainer client has somehow classified my professional fees as Section 192 (Salary) in place of the correct Section 194J (Fees for professional or technical services). Hence my AIS / Annual Tax Statement looks like this: I don't want to contact the client to get this...
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