Axis Magnus Inward remittance from US to the credit card account & Save Taxes

[Maxwell]

Hi TF Community,

I generally receive the Inward remittances twice a month to my bank account directly. I pay my credit card bills the conventional way.

However, this is just a thought...
Can we use the Credit card account details with Swift and required info for inward remittances.
I have a Axis Magnus 1.5 Lac used, Next bill generation is likely after 3 weeks.

1. Is it possible to do Inward remittance on CC
2. if yes, should one do it (Legal Terms)

I am not sure if my client can pay my credit card bill as donation or gift
Will this resort be helpful in saving the any taxes.

Please advise, I would appreciate your valuable inputs on this matter.
Thank you!!

 

[Wealth is my birth right!]

Hi TF Community,

I generally receive the Inward remittances twice a month to my bank account directly. I pay my credit card bills the conventional way.

However, this is just a thought...
Can we use the Credit card account details with Swift and required info for inward remittances.
I have a Axis Magnus 1.5 Lac used, Next bill generation is likely after 3 weeks.

1. Is it possible to do Inward remittance on CC
2. if yes, should one do it (Legal Terms)

I am not sure if my client can pay my credit card bill as donation or gift
Will this resort be helpful in saving the any taxes.

Please advise, I would appreciate your valuable inputs on this matter.
Thank you!!

Better to avoid this route since banks issue FIRC in the name of card which trigger issues with their back end
And another part for receiving FC if it’s account bank ask for you the rate and give best exchange rates but if card not sure how it goes