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  1. KK001

    Does Debit card to wallet attract IT NOTICE?

    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...
  2. K

    Credit card spends of 10L+ but it has EMIs included. IT notice doubt.

    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...
  3. Ekavya

    Managing High Credit Card Transactions and Income Tax Notices

    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...
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