AIS & Credit Card Usage Notice

[RAMESH BABU N]

No problem. Nothing to worry. You can get over it. Be sincere n methodical.

1. Since the Trxns are from Apr'23, you can file your ITR for FY 2023-2024 before June 2024 - to reflect all your INCOME. Verify to ensure that ALL figures reported in AIS are included in your ITR. ALL THIS ASSUMING THAT YOU ARE A MAJOR. If minor, your income will be CLUBBED with your father's income n he should file his ITR accordingly.

2. Avoid involving your parents or friends in such financial deals - legally reported n accounted for or not.

3. Be 100% transparent with your parents. Remember, only they will support n back you up in your life.

 

[Strange]

Nearly 30000 and bob mein merchsnt account h

Reward rate will be 0.53%.
If you did transactions in multiples of ₹2000 to avoid MDR then number of UPI transactions will be 2800.

You did too much hassle for a minimal cashback and now you have to face income tax notice for the same.

 

[jack333]

@jack333 This is the best solution.

Inventory is provided by bank in the form of a credit card.

Sales aka transactions are done by son with credit card. Sales were recorded in merchant ac..

Profits are cashback.

🤣🤣🤣 when it people see/aware about this they will strictly fine both bank and people.

Reson:
• People misusing personal cc for business/making self transactions.
• Banks for failing to monitor merchants.

Mere pas is se bhi badiya solution hai. Make friends with IT commissioner daughter of your city 🤣

 

[shubhamosy]

OP, keep doing this good work; it's a good stream for passive income. 🫣 🫣

 

[gopal sharma]

Reward rate will be 0.53%.
If you did transactions in multiples of ₹2000 to avoid MDR then number of UPI transactions will be 2800.

You did too much hassle for a minimal cashback and now you have to face income tax notice for the same.

Pehle 99k ka direct transaction ho jata tha without mdr by Google pay by rupay cc

 

[RAMESH BABU N]

Mere pas is se bhi badiya solution hai. Make friends with IT commissioner daughter of your city 🤣

Forget about such daughters. Those days are over since long.

Now, it is the age of faceless IT Dept. Fall in love with a laptop n be in touch with ITD very regularly. Play on safe side.

 

[sm9811911]

Bhai salaried government employee woh bhi police me kaise show karenge itni badi business sale. Department se pehle permission leni padti hai as per my knowledge

Sale is for the OP not father. Father purchases.

 

[jack333]

Forget about such daughters. Those days are over since long.

Now, it is the age of faceless IT Dept. Fall in love with a laptop n be in touch with ITD very regularly. Play on safe side.

Sir aise high level case ki to manual enquiry jayegi kisi officer ko for investigation. Na bhi jaye phir bhi commissioner ki bahut power hoti hai

 

[Shubham Yadav]

Sir aise high level case ki to manual enquiry jayegi kisi officer ko for investigation. Na bhi jaye phir bhi commissioner ki bahut power hoti hai

No no koi confusion nhi chahiye apn logo ko

All I urge to everyone

Stick to the daughter plan 😎

 

[004archit]

No no koi confusion nhi chahiye apn logo ko

All I urge to everyone

Stick to the daughter plan 😎

after that no chindi reward point chase

 

[Mr. Aman]

bro you have done more then 40lakh transaction in a year so GST Compliances is also you have to face.

is your current acc. is with gst no. or without gst no.
.

 

[Mr. Aman]

Sabhi transactions par chargeback file kar do aur apne merchant account se chargeback accept kar lo.

aagar aasa kara to current acc. se paise wapas karne pardenge wo kahan se aayenge

 

[Mr. Aman]

You have to file itr. Show yours as business sale say 56L + your cashback and sale returns say 55L.
Similarly, if your father got any cashback, include that in itr. But be ready to show proof of funds.

bro where is purchase part gone if u have done sales so u have pay gst to the gov.

 

[deep@vie]

Why BOB didn't freeze your account when transactions reached 20l & asked for GST.

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

 

[Rocky Bhai]

Sir aise high level case ki to manual enquiry jayegi kisi officer ko for investigation. Na bhi jaye phir bhi commissioner ki bahut power hoti hai

Experienced lag rahe ho kaafi 🤣

 

[Deleted member 9785]

Papa in POLICE.

Still worried?

 

[gopal sharma]

bro you have done more then 40lakh transaction in a year so GST Compliances is also you have to face.

is your current acc. is with gst no. or without gst no.
.

Without gst

 

[Deleted member 9785]

sab furu influencers ne barbad kar dia hai logo ko

 

[Pissant]

Papa in POLICE.

Still worried?

Lol do you really think being in the police matters when you just committed fraud for 50 lakhs hahaha

 

[Pissant]

Without gst

Any updates on the situation? Did you tell your father? Did you get a notice? And does your father really not check any of his e-mails, messages or bank statements? How did he miss all of the large transactions? How do you actually eliminate the evidence before he sees it?