AIS with credit cards SFT updated for FY 2023-24

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arundass007378

AIS with credit cards SFT updated for FY 2023-24, check yours 😃


image

https://x.com/rhoeshan/status/17972733383873537...

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Deal Subedar Deal Subedar
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So now our PAN will have AIS with info about credit card payments ah? 

is there any restriction like above 10lakhs reported or any possible amount will be reported?

Commentator Commentator
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this is for 10L and above, that twitter post has some 44L+ payment done so got reported in AIS, even though if your income is less than taxable limit or say less than 2.5L but have CC payments above 10L (rotation) you have to file tax and also be ready with documents just in case if the assessing officer (AO) asks for details

More info in SFT

https://cleartax.in...ft

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Deal Cadet Deal Cadet
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sabka yahi ha koi nhi bachegaa

Deal Subedar Deal Subedar
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Unless you have multiple credit cards from family members:) and use all the family member credit cards:) to keep cc payment less than 10Lakhs in a FY

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Benevolent Benevolent
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Soon all people watching aurindum's video will be flooded here🤔.

Deal Subedar Deal Subedar
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with this tide card debate will also end joy.

Generous Generous
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80 lakh ka cc payment aaya hai sft me.. jugad laga rahe kaise show kare.. grin

Hotshot Hotshot
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😬 Lets run a poll and find out who has the highest figure of CC payment in SFT....

And jugaad lagane se accha hai since feedback is optional, everyone should say the truth....that apps and bill payments allowing users to pay CC bill via CC and so rotated the money. Let IT and RBI figure out how to avoid such things in the future. And anyway to show high RuPay turnover figure this whole drama was allowed.....just so that MasterCard and VISA can be pushed aside....well they were also part of the whole credit card Devil's system....if fact Credit card were invented for unethical reasons....they have ruined far more lives than the number of lives they have really helped....

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