notice

I have been using the Indusind Bhim UPI app for the past couple of years. I had my UPI ID alias set and saved to my other payment apps as usual to receive money to this account. Today, when I was transferring money to my IndusInd account with the same UPI ID, it said the UPI ID was not valid, to...

Recently a video posted on Taxpuram Youtube channel (Tamil) discusses about Rs.1.12 Crore Income Tax Demand Notice received by one of his clients for spend of Rs.68.97 Lakhs in AY 2020-21. * LINK TO VIDEO * Income Tax Notice is issued under Section 156 of IT Act demanding ₹1.12 crore from one...

I had an edge csb rupay card but after 3 months suddenly the card got freezed and the card was closed with out intimation i requested them jupiter and csb bank both they are declining to re open or reactivate my card stating internal t&c changes with in bank how the hell they ruin my cibil...

Has anyone recived IT NOTICE yet ? As FY had ended. For Credit card bill payment >10L Pls share your experience here.

Received a SMS yesterday that my IndusInd Rupay Platinum Card is closed due to non-usage for 12 months. Reading conflicting views whether banks are supposed to give 30 days notice before closing a card for non-usage. I definitely did not receive any prior notice. I won't miss the card since I...

how much amount i can self rent transfer monthly/yearly without getting income tax notice

I’m facing an extremely frustrating issue with Kotak Mahindra Bank, and I need advice from the community. My savings account has been completely frozen under the reason "TXN PATTERN ANOMALY." But despite multiple attempts, Kotak has refused to provide any clear explanation or a fair resolution...

Is there any rule if a person spends more than 10 lakh through debit card in a financial year then he will receive a income tax office for that. Recently I had my sister's wedding so it might have crossed 10 l.

Recently, Axis Bank sent email notifications to many customers who had misused their credit card reward system back in 2023. The glitch (or loophole, whichever you want to call it) was fixed in January 2024. In response, Axis debited edged points from customers who had taken advantage of this...

Statement: I have 3 SBI card, total spend 9.5 lakh this FY24-25 till now. Information: I heard that , bank send their data to IT dept if total send in all card, more than 10 lakh. Queries: 1. It is true? 2. Does bank calculate my 3 card separately (10 lakh for each) or in a...

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.

I am paying home loan of 10 lakh via cash…. How can I prevent income tax notice… Which is the best bank home loan account which is not linked to PAN Card and allows cash deposit.

Recently, I noticed an offer on the Jupiter banking app that rewards users with "jewels" for adding money to their wallet using a debit card. My question is: If I have ₹50,000 in my bank account and repeatedly add this amount to wallets like PhonePe (KYC registered), will it attract an Income...

Hi all, My cumulative credit card spends and purchases via ICICI is approximately 10.05 lacs as of November. I have completely stopped using this card and will resume using it only from 1Apr onwards. However, some of these spends were converted into EMI. They have blocked my credit card limit...

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...