tanujsheoran
TF Premier
isko information Income tax walo ke dete mene suna h wo kuch percent wapas dete h apn cashback smjh ke rakh lege
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AIS & Credit Card Usage Notice
- Thread starter gopal sharma
- Start date
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- Tags
- ais credit card money rotation
Ab smjh aa rhi h Choronology 😂😂😂
Sabhi Gopal...Krishna Kanhiya ki tarah Natkhat ho rhe h 😂
Ab to bulani hi pdegi ED
rohit_
TF Premier
😂😂😂😂😂 kya scheme h
tanujsheoran
TF Premier
dm karta warna bhai dekh lenge...........waise @rohit bhai idhar settlement karlo 5 percent humko dedo
rohit_
TF Premier
galat rohit ko tag kar diya aapne, kaho to it department ke liye pan card number de dun taki asani ho unko trace karne me mujhe
😂😂😂😂 bas 5
tanujsheoran
TF Premier
Aap settlement karlo use Code SBI for 2 percent cashback
rohit_
TF Premier
it department ka mail id and address bata dun
Lakshya Mahani
TF Ace
tanujsheoran
TF Premier
M nahi khel rha tum settlement hi ni kar rhe
tanujsheoran
TF Premier
Cashback wahi to ab dikkat h bhai ko
rohit_
TF Premier
it wale ko aane do most welcome. unko kuch milega to nahi but atleast mera naam ho jayega ki mai koi ameer banda hai
paisa hai to ijjat milta hai (ho ya nahi ye matter nahi karta) simple formula
tanujsheoran
TF Premier
Ni karege ab complaint ni hone denge famous
Lakshya Mahani
TF Ace
Jitna cashback aaya hai usse zyada toh IT ki penalty (or any sort of fine or taxes) aur CA ki fees mein hi lag jayega aur yeh sabki wajah se jo mental stress ho raha hoga uski toh ginti hi nahi hai🙁
I am not sure about the it department being mad here as the total income he earned is just about 50-60k and for the large amount of transactions well business do corers of rs of transactions yet can make a loss at the end of the day so I would say its not that big of a trouble other than explaining it to the it department and his father
Though i am not sure about using a merchant ac and not being gst complaint should have done it in a personal ac though not doing it at all was a better option
Though i am not sure about using a merchant ac and not being gst complaint should have done it in a personal ac though not doing it at all was a better option
Beta tumhara papa ko pata hai yeh ?… Bol do agar pata nahi hai toh & jo reward mila hai use that to hire a good CA !
Rotating your own corpus between your own SBAs is not a problem but here the problem is you did it on a merchant account & that will be deemed as income unless you can prove otherwise or show a loss somewhere else ! See a good CA, he should be able to sort this out in case of a scrutiny !
Avoid doing this in the future but don’t fret yet !
Rotating your own corpus between your own SBAs is not a problem but here the problem is you did it on a merchant account & that will be deemed as income unless you can prove otherwise or show a loss somewhere else ! See a good CA, he should be able to sort this out in case of a scrutiny !
Avoid doing this in the future but don’t fret yet !
op - Can you share income tax notice snapshot hiding personal details?
HarshitRajput
TF Buzz
No need to worry much as everything done was digital transactions and if notice arrives you can prove it easily that it is rotation from dad's credit card to your account. Even though merchant account is used.
Still you need to hire CA and file your itr only for income from credit card cashbacks under income from other sources.
I don't think it is a right choice to show 56 lakh as business transactions and declare 6-10% as profit. As there is no sale/purchase of goods or services involved.
As per me, Giving fake, inaccurate or wrong information in ITR will take you into more trouble.
Still you need to hire CA and file your itr only for income from credit card cashbacks under income from other sources.
I don't think it is a right choice to show 56 lakh as business transactions and declare 6-10% as profit. As there is no sale/purchase of goods or services involved.
As per me, Giving fake, inaccurate or wrong information in ITR will take you into more trouble.
RAMESH BABU N
TF Legend
Last line - very very important.
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