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Biz black approval
- Thread starter Deleted member 17565
- Start date
Supposedly yes. Approach the branch. I've done it and my card is approved "in-principle" though things can still go wrong. I also filed ITR-3 last year because I dabbled in intraday trading. Perhaps that helped
I assume you mean, declare lesser investments to your company, so that you can pay the advance tax on your own. Allowed. I don't declare any* of my investments to the company and pay all tax after TDS on these investments, via the advance tax route
[*EDIT: Corrected my statements. I only declare investments required to reduce tax and not other investments that bring in money that is classified as income from other sources]
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When you say you don't declare any investments, won't the payroll team deduct the tax from salary? I suppose yes.
In that case, aren't you paying the tax twice when you say you pay advance tax. May be I didn't get you clearly.
Sorry for confusing you. If you mean investments to claim deductions by all means declare them to your payroll team so that your tax liability reduces. I do that too.
When I used the term investments, I meant my investments other than those which provide tax deductions (e.g. FDs, NSCs, MFs, etc). This goes under income from other sources. My payroll team allows me to declare this if I want too, and they deduct additional TDS accordingly from my salary at slab rates. I declare it as 0 and pay the taxes on this income as advance tax
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Clear now. So, the advance tax you through credit card is for the (income from other sources). In my case, it is negligible and I was looking to see if there are any proper ways to pay advance tax without tds by employer.
Has any one received 5X reward points on GST payment?
I made significant GST and advance tax payment using BizBlack CC (as per instructions) and have received regular RPs (on full amount) in 2 days on payment; but haven't received 5X (up to 7500 RPs) as yet.
Would those be credited later with statement, or should I raise this concern with HDFC?
PS: This is my first billing cycle, so wanted to understand.
I made significant GST and advance tax payment using BizBlack CC (as per instructions) and have received regular RPs (on full amount) in 2 days on payment; but haven't received 5X (up to 7500 RPs) as yet.
Would those be credited later with statement, or should I raise this concern with HDFC?
PS: This is my first billing cycle, so wanted to understand.
Mine 5x were credited 2-3 days after statement.
What about regular RPs? Were those credited in 2-3 days of payment?
Yes . Within 2-3 days u get normal rp
Quick Q:
On BizBlack CC - 5X Reward Points on your select Business spends are capped at 7500 per statement cycle.
If one has exhausted this limit, would you still earn 3X/5X/10X rewards on SmartBuy portal in the same statement cycle?
Confusion is because SmartBuy has its own limits of 10000 RPs per calendar month.
On BizBlack CC - 5X Reward Points on your select Business spends are capped at 7500 per statement cycle.
If one has exhausted this limit, would you still earn 3X/5X/10X rewards on SmartBuy portal in the same statement cycle?
Confusion is because SmartBuy has its own limits of 10000 RPs per calendar month.
Attachments
drsel
TF Prestige
You will not get more than 7500 accelerated points
If you apply BizBlack as a floater card with existing HDFC CC (also having HDFC bank a/c), does HDFC do in-person verification of commercial business at the address? If so, at what stage and what do they look for? I am an independent consultant so have nothing to show at home address!
Background: I applied, and they did basic on call verification. Then I got a message it is approved in principle pending internal checks. Then, I followed up with branch and it seems the branch messed up the in-person KYC by doing it for a CID linked to an old account (despite me telling them clearly that they need to pick the correct CID while applying). This is how I missed the tax depositing deadline for using the card. Now, the branch say, they just need to submit the correct a/c # to backend team to complete the processing. However, I am wondering whether they will do in-person verification.
Background: I applied, and they did basic on call verification. Then I got a message it is approved in principle pending internal checks. Then, I followed up with branch and it seems the branch messed up the in-person KYC by doing it for a CID linked to an old account (despite me telling them clearly that they need to pick the correct CID while applying). This is how I missed the tax depositing deadline for using the card. Now, the branch say, they just need to submit the correct a/c # to backend team to complete the processing. However, I am wondering whether they will do in-person verification.
If you check the benefits document link below, you will see that HDFC has added separate INR 90,000 benefits for business 5x spends and INR 90,000 for Smartbuy upto 10x spends. I guess it would make sense to check with HDFC once.
There is no in person verification for Biz Black as floater card. Verification done only on call
koushik122
TF Neo
Is it mandatory for hdfc biz black approval to have hdfc savings or current account?
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gabzvee
TF Select
Even I would like to know
HumorSimpson
TF Prestige
Finally did you get it?
drsel
TF Prestige
Yes, if you don't have saving max account, they will make you open it when your apply for the card
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