• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

AIS Updated for FY24

I rotates approximately 1.5 cr from 15 different credit cards of different bank..
I expects no SFT shows in my AIS…
I fill 5L ITR last year…
How much tax will be lavied on you i guess mlre than 1 or 2 lacs.
As far as i know above 1 cr needs to do audit or something.
And if not then how you gone show the income?
 
Mera khud Axis aur HDFC ka report hua hai. 10L ke aas paas hi hai dono.
CA friend se baat kiya wo bola ab se dhyan rakhna koi baat nahi 1 baar me nahi aata notice unless 5x,10x ho reporting of itr. Wo bhi continuously 3-4 saal se.
 
What is mentioned in your IT notice ?
Nothing... i always have a scare that if i spend much then will get notice even after paying taxes etc.
Last year paid 67k tax this time also will pay more than 1L taxes.
But these are my real income from my small business
Last financial year i paid around 25L of cc bill
ANd svare of this.

And here people saying they spend 1.5Cr by cc... seeing this i am nothing in spending by cc
 
Back
Top