Golden time to transfer credit card amount to bank at 0% charges instant settlement
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Today Phonepe launched add money to wallet via credit card and pay to nearby phonepe merchant via phonepe wallet.
Create a Phonepe merchant account.
Add amount to phonepe wallet via credit card.
Send the same to Phonepe merchant account qr and get the amount into bank instant at zero charges.
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https://www.desidime.com/discussions/golden-time-to-transfer-credit-card-amount-to-bank-at-0-charges-instant-settlement?page=1#post_6985878
And then get the merchant transactions listed in your 26AS, pay 20-30% tax on it while filing ITR. Enjoy _
https://www.desidime.com/discussions/golden-time-to-transfer-credit-card-amount-to-bank-at-0-charges-instant-settlement?page=1#post_6985891
Bro it’s for urgency/getting reward points for less amount not for lakhs.
And if I’m not wrong then many have merchant account.
If don’t have then use your neighbours (Friends shop) qr to get the amount in bank.
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https://www.desidime.com/discussions/golden-time-to-transfer-credit-card-amount-to-bank-at-0-charges-instant-settlement?page=1#post_6985903
y to do this much drama for reward points by playing with income tax things using merchant account n all
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Its taxable income for the merchant