Tax on school fee payments through cred, freecharge etc

[ragz]

Hello TFers,

I wanted to know if anyone has any idea on taxation on money transfered through cc to upi/bank account through fee payment options on apps like paytm, cred, freecharge etc.

Will the person receiving money will have to pay any tax?

I was thinking to transfer to my family member to reach a milestone, is it ok for one time thing? But amount is around 2.5 lakhs, but I am planning to do half half in 2 months?

 

[ragz]

Hi Folks, bumping this thread, need advice please..
Someone suggested apps like paidkiya and pice for diners.. are they trustworthy and any other advice too are welcome.

 

[ragz]

No one has any idea if these education fee transactions to family member's account can be tracked by IT as taxable or not?

 

[nayra]

Bump, im interested too. Well my DCP Discovery Pulse won't be supported for this ig.

 

[Wealth is my birth right!]

Hello TFers,

I wanted to know if anyone has any idea on taxation on money transfered through cc to upi/bank account through fee payment options on apps like paytm, cred, freecharge etc.

Will the person receiving money will have to pay any tax?

I was thinking to transfer to my family member to reach a milestone, is it ok for one time thing? But amount is around 2.5 lakhs, but I am planning to do half half in 2 months?

Yes the receiver whoever is liable for tax paying
If u see apps like housing we have to give the pan details of every beneficiary once we register which means they can run a report pan wise and send it to IT easily
But thing is that if an housewife or a senior citizen has tax free income till 7l so such category can file a zero return