How much card usage is safe

[Avatar Aang]

I have an ITR of 25L. This FY I have spent a total of 17.7L on my HDFC credit cards (DCB, Infinia and Tata Neu Infinity).
AFAIK, spends of more than 10L on one bank cards are reported in AIS. Apart from HDFC I haven't spend more than 3L on any other card.

I am thinking not to use my HDFC cards for next 3 months.
Just wanted to know how much spending will be safe for my ITR.

 

[Umang85]

Even if it gets reported, it should be safe as you are well within your earning limits.
If it goes over your earnings, then it should cause problems.

 

[harsh_ujjwal]

I have an ITR of 25L. This FY I have spent a total of 17.7L on my HDFC credit cards (DCB, Infinia and Tata Neu Infinity).
AFAIK, spends of more than 10L on one bank cards are reported in AIS. Apart from HDFC I haven't spend more than 3L on any other card.

I am thinking not to use my HDFC cards for next 3 months.
Just wanted to know how much spending will be safe for my ITR.

You are safe as your ITR is of 25L.
If one's spend is more than 10 lacs on a single card then it is reported to Income Tax Department.
Though you crossed that limit but your income is on a higher side so nth to worry.

 

[anujdit]

You can go beyond 25L too, as you have last 3-4 years saving too. You need to justify through earning (last 3-4 yrs) and bank statements. If all are through bank statements is justified then no issue.

 

[Avatar Aang]

You can go beyond 25L too, as you have last 3-4 years saving too. You need to justify through earning (last 3-4 yrs) and bank statements. If all are through bank statements is justified then no issue.

Got it. 👍
I have enough ITRs for past 3-4 years.

 

[bing1309]

You can cross any limited. but next year show to that ratio of spends in IT. Simple.