AIS with credit cards SFT updated for FY 2023-24

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

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

with this tide card debate will also end .

😬 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....