Talk to CA ..
Sir won't filing itr means paying 50k since my utilisation is above 10 lakhs?
As suggested by @Tejo it's related to RUPAY on UPI and must be helped by @Abhishek012 sir. Don't worry. He has all the tricks you need.
your utilisation is not your income.. it is equivalent to turnover ..
So should I file the itr?
Not a CA, so can't say. For this you would actually need to sit down with a CA.
CA will decide that.. about how to respond to this notice ...
Not only 50k
Mostly ca will advise
Hardly. IT dept is stretched to the limits. Was literally told by someone in IT dept at a higher position that not filing ITR is probably better as the dept won't even bother if the income is under 1CR unless you piss off someone important and they take a vendetta against you. Don't know if it would apply to this gentleman's situation though, advice was given when someone was discussing filing itr as a freelancer who works remote job a Norwegian company.
understand about your case.. However, you got a notice from IT dept.. and you need to respond to that notice and a CA can do that for you.. as it is their daily business.
Then you are mostly in the green. Still, should file.
Can’t trust IT people with their words, better to stay cleans specially when you come from government employee’s family
It people jus ask why you did and to whom you did .... this txn ... if cashback, then it will come under your other income na ??
