Does Debit card to wallet attract IT NOTICE?

[KK001]

Recently, I noticed an offer on the Jupiter banking app that rewards users with "jewels" for adding money to their wallet using a debit card.

My question is: If I have ₹50,000 in my bank account and repeatedly add this amount to wallets like PhonePe (KYC registered), will it attract an Income Tax (IT) notice?

Please note that all incoming transactions are from my own account, and the outgoing transactions are made to wallets registered under my name.

*I am only thinking of doing so

 

[Anupama_Jha]

Nope. U are free to rotate money anyhow.

Remember only, cash deposits in savings account should not exceed 10L in FY (If u don't file ITR)

 

[nh124001]

sshhhhh... speak quietly.. nirmla tayi sun legi.. kya pata iss par bhi tcs laga de 😛