Principal Debit/Credit adjustment in SBI Card

[Walter White]

What does this even mean?

 

[SSV]

Simply click LTF

Okay, it deserves its place in the drawer..

 

[D₹V]

Then not to worry about Tax POV…

My POV was that: SBI cashback card holders have high spends mostly 🤣.

 

[Walter White]

My POV was that: SBI cashback card holders have high spends mostly 🤣.

@Abhishek012 Kitna CB kama liya is saal? 😜

 

[SSV]

My POV was that: SBI cashback card holders have high spends mostly 🤣.

Yes.. I did about 7 lakhs last year..
Slowed down this year because of Amex cards

 

[SSV]

My POV was that: SBI cashback card holders have high spends mostly 🤣.

SBI CB card is a great card and must be in one’s CC portfolio

 

[SpiesCan'tCatchMe]

Sbi after looking at @S S V spending 7 lacs on cb card

 

[D₹V]

SBI CB card is a great card and must be in CC portfolio

Still I don't have 🤣.

Need to apply some tricks.

 

[ksen13]

Then not to worry about Tax POV…

In my case also ...in my sbi cashback card I have book flexi pay ...and also the amount which I have booked flexi pay is showing as debit .....the amount that I have booked flexi pay is 38 thousand something...so it also shows that 38 thousand something is credited although it is not credited by me

I am attaching a screenshot below for clear understandings


So my query is the payment which I have under lined will bank consider this payment done by me ?? And also will it be considered in 10 lacs bill payment quota per card ??

 

[SSV]

Still I don't have 🤣.

Need to apply some tricks.

Do you have any SBI card?

 

[D₹V]

Do you have any SBI card?

N o o

 

[SSV]

In my case also ...in my sbi cashback card I have book flexi pay ...and also the amount which I have booked flexi pay is showing as debit .....the amount that I have booked flexi pay is 38 thousand something...so it also shows that 38 thousand something is credited although it is not credited by me

I am attaching a screenshot below for clear understandings


So my query is the payment which I have under lined will bank consider this payment done by me ?? And also will it be considered in 10 lacs bill payment quota per card ??

From tax pov, flexi pay should go under loan..
But full purchase amount will go under expenses

 

[SSV]

N o o

Then it is easier to get

 

[D₹V]

Then it is easier to get

It's not .

 

[SSV]

It's not .

Why ? ?

 

[D₹V]

Why ? ?

I know 🫠, it's little complex.

 

[SSV]

I know 🫠, it's little complex.

Okay, my first SBI card is CB card with 3.72 L CL last year September.. got it just like that

 

[ksen13]

From tax pov, flexi pay should go under loan..
But full purchase amount will go under expenses

Then I am safe right ?? As this payments were not done by me it will not be considered as 10 lacs repayment quota right ??

Maine convert karaya hya isliye kyu ki mera card main zyada bill payment ho gaya ....aur baki ke jo remaining months hya isme Maine emi mein convert isiliye Kiya jisse ki main per month thoda thoda amount bank to pay kar saku till May 2024...par dar lag Raha Hain agar ye sab credit Jo Mera card main huwa Hain wo agar bank 10 lacs quota main consider kar leye then go gaya kaam tamam.......

 

[SSV]

Then I am safe right ?? As this payments were not done by me it will not be considered as 10 lacs repayment quota right

You can I’ll be fine .. not to worry

 

[D₹V]

Okay, my first SBI card is CB card with 3.72 L CL last year September.. got it just like that

Was it pre approved?

 

[SSV]

Was it pre approved?

No .. I was NTB .. Fresh application from sprint