Credit card expenditure without itr

[jsharma1306]

Whats the maximum amount i can use from my millenia credit card limit 75 k....i dont file an itr and have no income. Can i use 20k monthly without any issue from the income tax department. Can the issue me any notice regarding using it.

 

[Parveshgarg]

Yeah normally there is no such restriction but if you spend more than 10 lakh in a year than it will be reported to income tax.

 

[jsharma1306]

Also is it fine if i shop for 40k and pay 20 before generation of bill each time.

 

[jsharma1306]

Yeah normally there is no such restriction but if you spend more than 10 lakh in a year than it will be reported to income tax.

Also is it fine if i shop for 40k and pay 20 before generation of bill each time.

 

[oshan]

just be below 10L a year on each card if you are not filing return

 

[oshan]

Also is it fine if i shop for 40k and pay 20 before generation of bill each time.

This wouldn't matter, if u spend above 10L, it will be reported in STF

 

[Sravan]

This wouldn't matter, if u spend above 10L, it will be reported in STF

what is stf?

 

[Sravan]

hi admin please answer my questions
1. Peoples are saying transactions exceed above 10lakh with in a year we have to file ITR. My doubt is per card 10lakh ?
2. If we pay bills before due date, then also we have file ITR?(paying before due dates, that transactions will be count or not for ITR filing)
3. And one more doubt slice, onecard, laazypay, unicard, stashfin, postpe cards transactions also count for ITR?
Note: My intention, im using credit cards heavily with out proper income ( my friends and others using ) will that affect me?