How much can we spend on credit card monthly or during a financial year without any tax issue or notice,

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Deal Cadet
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How much can we spend on credit card monthly without any tax issue or notice, knowing that many of us are salaried individuals?

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Cumulative sum of more than 10 lac in a financial year on all credit cards sometimes makes special entry in 26AS. That can sometimes create troubles. But I haven’t seen any case regarding the same till date

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Bhalal_Dev wrote:

Cumulative sum of more than 10 lac on all credit cards sometimes makes special entry in 26AS. That can sometimes create troubles. But I haven’t seen any case regarding the same till date

In a financial year

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keep your total spends less than your total income for the current or last FY
Most important thing is if you rotate your salary/savings nothing to worry.
Cash deposits invite notice, Intl txns too – after some limit like 4-5 lacs in FY

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