AIS & Credit Card Usage Notice

[gopal sharma]

OK fine.

So you and your CA thinking to report cb in your father's itr ?

Your fathers Tax slab will be changed, managing itr is might be easy.

Suddenly made 56 lakh payments through Credit Card and showed an income increment of 60k ???

But what will your father will say, if it dept. People ask, did 56 lakh transactions for cashback be 60k ?

You crossed 40 lakh+ transactions just after opening an account .. individual current ac. What will say if anyone asks why you did this many transactions? ... for being a mediator for your father's cashback rotation?


Just do this following. Also discuss with your CA
Atleast your father can say, my son made transactions without my sense. Your below 21 only know, they will just warn you to not repeat. https://www.technofino.in/community/threads/ais-credit-card-usage-notice.17517/post-364810

Thnq

 

[Deleted member 5552]

 

[gopal sharma]

View attachment 29887

I did from april 2023

 

[Deleted member 5552]

I did from april 2023

Bank will report it in next year.

 

[gopal sharma]

Update -
6-7 ca ke pass ghum aaya sab lag bhag 2 opinion de rhe h
1. Turnover ka 8% profit pe tax bhar do
2. Sare transaction ko loan ke hisab se bta do aur reward points ko income bta do.
Karu kya samjah he nahi aa rha ?

Koi experience one suggestion dijiye please

 

[ashwinkashwink is verified member.]

Update -
6-7 ca ke pass ghum aaya sab lag bhag 2 opinion de rhe h
1. Turnover ka 8% profit pe tax bhar do
2. Sare transaction ko loan ke hisab se bta do aur reward points ko income bta do.
Karu kya samjah he nahi aa rha ?

Koi experience one suggestion dijiye please

Don't worry bro here Supreme Leaders not paying taxes for rotation income why should you worry 😅😂

 

[Deleted member 11974]

S

Update -
6-7 ca ke pass ghum aaya sab lag bhag 2 opinion de rhe h
1. Turnover ka 8% profit pe tax bhar do
2. Sare transaction ko loan ke hisab se bta do aur reward points ko income bta do.
Karu kya samjah he nahi aa rha ?

Koi experience one suggestion dijiye please

SCrutiny ya ais to aane do

 

[alok416]

Ye credit card kam... Income Tax Community jyda lag rhi h is post ke karan 🤣..

Ab tak to real life me CA ne solution de diya hoga Gopal ko 😛

 

[tanujsheoran]

Ye credit card kam... Income Tax Community jyda lag rhi h is post ke karan 🤣..

Ab tak to real life me CA ne solution de diya hoga Gopal ko 😛

3 post upar update diya h Gopal Bhai ne

 

[varun__goel_]

Update -
6-7 ca ke pass ghum aaya sab lag bhag 2 opinion de rhe h
1. Turnover ka 8% profit pe tax bhar do
2. Sare transaction ko loan ke hisab se bta do aur reward points ko income bta do.
Karu kya samjah he nahi aa rha ?

Koi experience one suggestion dijiye please

Turnover aapke naam mein dikhane ko kh rhe h na? Aapke father m to nhi?

 

[Tejo]

Don't worry bro here Supreme Leaders not paying taxes for rotation income why should you worry 😅😂

No.1 Arindam
No.2 Abhishek012
No.3 Motu
No.4 Ashwink

Congratulations 🎊 👏 💐 🥳 for being CA Adviser.

No.01 Ashwink

 

[alok416]

Update -
6-7 ca ke pass ghum aaya sab lag bhag 2 opinion de rhe h
1. Turnover ka 8% profit pe tax bhar do
2. Sare transaction ko loan ke hisab se bta do aur reward points ko income bta do.
Karu kya samjah he nahi aa rha ?

Koi experience one suggestion dijiye please

Sabse accha solution...

Wait for the notice...

Phle aane do...

Naa aaye iske liye tab tak Bhagwan se pray kro simple 😁

 

[alok416]

3 post upar update diya h Gopal Bhai ne

Update kam...office office ki story jyda lagi 😛...

 

[alok416]

No.1 Arindam
No.2 Abhishek012
No.3 Motu
No.4 Ashwink

Congratulations 🎊 👏 💐 🥳 for being CA Adviser.

No.01 Ashwink

🤣🤣🤣 Gopal bhai inka reference na de de ki ye inka idea tha...kara maine h 🤣

 

[Tejo]

Update -
6-7 ca ke pass ghum aaya sab lag bhag 2 opinion de rhe h
1. Turnover ka 8% profit pe tax bhar do
2. Sare transaction ko loan ke hisab se bta do aur reward points ko income bta do.
Karu kya samjah he nahi aa rha ?

Koi experience one suggestion dijiye please

My advice, Don't say lie over silly things.

So profit 448000, Anyway you won't pay any thing again as tax.

Loan ? Hand to hand loan ? As there were no bank records for loans (credit against your pan), you can be in sight of IT dept.

What your father got for you, they might take that.

 

[ashwinkashwink is verified member.]

No.01 Ashwink

I'm not in Supreme Leaders Category 🤣

 

[Tejo]

Update -
6-7 ca ke pass ghum aaya sab lag bhag 2 opinion de rhe h
1. Turnover ka 8% profit pe tax bhar do
2. Sare transaction ko loan ke hisab se bta do aur reward points ko income bta do.
Karu kya samjah he nahi aa rha ?

Koi experience one suggestion dijiye please

OK your saying about your itr.

What about your father itr?

56 lakh transactions in your father credit card*

How you are going to justify this?

Just thinking to not say anything to your father?

I'm not in Supreme Leaders Category 🤣

Who said that you are Supreme Leader?

GuruDev for all Supreme Leaders. 🤣

 

[Piyush_Jaiswal]

Update -
6-7 ca ke pass ghum aaya sab lag bhag 2 opinion de rhe h
1. Turnover ka 8% profit pe tax bhar do
2. Sare transaction ko loan ke hisab se bta do aur reward points ko income bta do.
Karu kya samjah he nahi aa rha ?

Koi experience one suggestion dijiye please

Close your PNB Credit Card and Current Account. This will decrease the probability of reporting the transactions in AIS.
Closing the account will also save you from any upcoming problems and will bring back your peace of mind to some extent.

This is anyway a good decision.
Agar report hona rahega to hoga hi...lekin close karne se probability kam jarur ho jayegi

Baki jo karna h wo AIS me kuch Report hone ke baad sochna...avi kuch nahi kar skte

 

[ashwinkashwink is verified member.]

Who said that you are Supreme Leader?

GuruDev for all Supreme Leaders. 🤣

Hum Amar Hai😈

 

[Tejo]

Close your PNB Credit Card and Current Account. This will decrease the probability of reporting the transactions in AIS.
Closing the account will also save you from any upcoming problems and will bring back your peace of mind to some extent.

This is anyway a good decision.
Agar report hona rahega to hoga hi...lekin close karne se probability kam jarur ho jayegi

Baki jo karna h wo AIS me kuch Report hone ke baad sochna...avi kuch nahi kar skte

That days over.

Even Ac closed, data over that transactions will remain as usual, even that's not savings ac to ignore, it's currents account, so they will report the things.