money rotation

Have anyone receive IT notice for credit card money rotation? Repayments for more than 10L in F.y across all credit cards. PLS SHARE HOW YOU HAVE HANDLED THIS SITUATION. AS no income is involved in this whole process it's simply paying one cc bill from other cc.

Hi Team, I have been using my DCB Plastic LTF for last 3 years. It was having around 6L limit. But in last September 2023, my credit card limit got reduced to 1.7L due to the transactions I made from single merchant. each tranx about 1L ... 4-5 such transactions in a month.. and then pay bill...

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...

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...