AIS & Credit Card Usage Notice

[Piyush_Jaiswal]

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.

Maybe they would but the probability will decrease to some extent. It's PNB afterall.

Closing the account is also a step towards rectifying the mistake and will bring back his peace of mind to some extent. It will also make sure that he doesn't repeat such activities in future.

I didn't guarantee that it won't be reported. I just advised him that it's a good decision anyway.
Also he doesn't have any other option but to wait.

 

[gopal sharma]

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

Father wale mein

 

[gopal sharma]

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.

Bhaiya 9 lakh gross salary han father ki ,9lakh +448000 is pe tax lagyga

 

[hemant89]

Sorry if it is a noob or very basic question but can someone please explain from where this 8% figure is coming? Why CA asked for 8%? Is it just a random/usual average percentage he said for the profit or based on some calculation?

 

[varun__goel_]

Bhaiya 9 lakh gross salary han father ki ,9lakh +448000 is pe tax lagyga

Phir to mota fatka padega 1L se upr tax jayga 448000 pr💀

 

[varun__goel_]

Sorry if it is a noob or very basic question but can someone please explain from where this 8% figure is coming? Why CA asked for 8%? Is it just a random/usual average percentage he said for the profit or based on some calculation?

Presumptive taxation

 

[VISHESH_BANSAL]

Phir to mota fatka padega 1L se upr tax jayga 448000 pr💀

Accha hai bhai.
Insan galtiyo se hi shik leta hai

 

[varun__goel_]

Accha hai bhai.
Insan galtiyo se hi shik leta hai

 

[tanujsheoran]

wo uss youtuber ko jaake btao koi ki dekh tune kya kaand karwa diya bechara Gopal raat bhar thread dekhta h neend ni aati usko 🤣

 

[CardTox]

Ye sala PNB kya aankhen moond kar betha hai kya? PNB is not monitering such a high level misuse of this card? Mean, no limit on cashback and no over limit etc???

 

[kshitij_0]

Phir to mota fatka padega 1L se upr tax jayga 448000 pr💀

Bhai kam se kam khair manao ki IT wale hain jo tax bhar dene se chup ho jaate hain
ED wale hote to kahte ki tax wax to theek hai ye batao achanak se itna kamai kiye kaha se koi lottery lagi kya😛

 

[NAB]

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

2nd opinion is best and advisable. Koi bhi achha and experienced CA ye hi kahega. 8% dikhana is not at all necessary.

 

[gopal sharma]

2nd opinion is best and advisable. Koi bhi achha and experienced CA ye hi kahega. 8% dikhana is not at all necessar

Thnq

 

[RAMESH BABU N]

A friend of ours has suggested :

1. Immediately close the bank account.
2. Surrender the credit card.
3. Do not do anymore such harkath.
4. Since it is only from 04/2023, compute the exact profit (or net income - in the eyes of Income Tax). Obtain PAN and submit ITR for this year 2023-2024.
5. Father - can file his own ITR in the normal manner.
6. WAIT FOR ONE YEAR OR TWO.
7. Extremely LOW chances of ITD/GSTD asking for further details.
8. In the unlikely event of that happening, ONLY THEN GO TO A TAX CONSULTANT.
9. Why go to a CA/Tax Consultant Now?
10. BEFORE DOING SUCH ADVENTURES - READ, UNDERSTAND N DO WITHOUT INVOLVING OTHERS. FAMILY OR RELATIVES OR FRIENDS.

 

[CardSeeker]

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 returned in the same credit card at same day,by continue doing this i paid nearly 56 lakh of credit card but bill always generated in 1000 or 2000 only,is this reported in ais portal if this reported what should i do,should i save myself? Kyunki papa bahut marengey,and mein itr fill nhi krta mere current account mein 40 lakh amd saving account mein 56 lakh ka transaction hain from april 2023... please help me

Edit/Update:
In this pnb credit card, my statement is in negative but payment and other charge is more than 23 lakh, will it report on aisView attachment 29342

Definitely It will report in Next FY AIS Report
THis Year U Might Be Safe But be prepared for the next

 

[gopal sharma]

A friend of ours has suggested :

1. Immediately close the bank account.
2. Surrender the credit card.
3. Do not do anymore such harkath.
4. Since it is only from 04/2023, compute the exact profit (or net income - in the eyes of Income Tax). Obtain PAN and submit ITR for this year 2023-2024.
5. Father - can file his own ITR in the normal manner.
6. WAIT FOR ONE YEAR OR TWO.
7. Extremely LOW chances of ITD/GSTD asking for further details.
8. In the unlikely event of that happening, ONLY THEN GO TO A TAX CONSULTANT.
9. Why go to a CA/Tax Consultant Now?
10. BEFORE DOING SUCH ADVENTURES - READ, UNDERSTAND N DO WITHOUT INVOLVING OTHERS. FAMILY OR RELATIVES OR FRIENDS.

Thnq soo much sir

 

[tushu5121]

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 returned in the same credit card at same day,by continue doing this i paid nearly 56 lakh of credit card but bill always generated in 1000 or 2000 only,is this reported in ais portal if this reported what should i do,should i save myself? Kyunki papa bahut marengey,and mein itr fill nhi krta mere current account mein 40 lakh amd saving account mein 56 lakh ka transaction hain from april 2023... please help me

Edit/Update:
In this pnb credit card, my statement is in negative but payment and other charge is more than 23 lakh, will it report on aisView attachment 29342

Tell your father everything about this.
And contacr good CA.
Kuch bhi kr lo LaAl to hoge tum. Ab dando se ya hatho se pta nhi

 

[raghu.rokda]

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 returned in the same credit card at same day,by continue doing this i paid nearly 56 lakh of credit card but bill always generated in 1000 or 2000 only,is this reported in ais portal if this reported what should i do,should i save myself? Kyunki papa bahut marengey,and mein itr fill nhi krta mere current account mein 40 lakh amd saving account mein 56 lakh ka transaction hain from april 2023... please help me

Edit/Update:
In this pnb credit card, my statement is in negative but payment and other charge is more than 23 lakh, will it report on aisView attachment 29342

Bhai aapne BOB ka merchant account kese khola ?

 

[tanujsheoran]

Bhai aapne BOB ka merchant account kese khola ?

Bhai thread dekh nahi kholega 🤣 🤣 🤣

 

[alok416]

wo uss youtuber ko jaake btao koi ki dekh tune kya kaand karwa diya bechara Gopal raat bhar thread dekhta h neend ni aati usko 🤣

Lagta hai Vijay malya bhi usse hi inspire tha 😛