Paytm Business App Transactions

[Wizard]

Hi, I have two HDFC Paytm Rupay credit cards. And I have Paytm business account. If I transfer monthly 5000rs from my credit cards to my business account , will there be any problem of Income tax?

 

[NABNAB is verified member.]

5k once a month or daily?

 

[saniruidas]

You can transfer upto 1999 with any charges. And any app will not permit to transfer to same merchant name and same credit card holder name.

You can use your family merchant account for money transfer from your card .
And Paytm will be allowed upto 5 or 6 lacs per year sole proprietorship customer. Your Card also declined some times if you send same merchant regular.

Overall no problem with income tax department, if you transfer your own family member maximum 7.5 lacs per annum.

 

[Anupama_Jha]

You can transfer upto 1999 with any charges. And any app will not permit to transfer to same merchant name and same credit card holder name.

You can use your family merchant account for money transfer from your card .
And Paytm will be allowed upto 5 or 6 lacs per year sole proprietorship customer. Your Card also declined some times if you send same merchant regular.

Overall no problem with income tax department, if you transfer your own family member maximum 7.5 lacs per annum.

Correct 💯, but not advisable

Clear the dues ASAP

 

[Wizard]

5k once a month or daily?

Monthly 5K and 2500 from each card

 

[saniruidas]

Monthly 5K and 2500 from each card

No issues bro, I do transaction daily avarage 500

 

[Wizard]

Daily transactions from self / Same card?