https://www.desidime.com/discussions/is-paying-rent-from-credit-card-is-safe?page=1#post_9124618
MRPs (Money Rotating Professionals) on DD:
Is Paying rent from credit card safe ?
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So,
If we pay fake rents just to get money from credit card.. is it safe ? .. I had made payment of Rs.15K this months from ONECARD .. since there was 500 value back on credit card... and before I had made payment from Paytm to get extra cashback ... 😛
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https://www.desidime.com/discussions/is-paying-rent-from-credit-card-is-safe?page=1#post_9126197
Haha My Brother Rotates 1.8 To 2 Lakh Per Month Approximately... From Hdfc To Icici... Icici To Rbl , Rbl To Idfc ... Cycle Rotates Every Month...
https://www.desidime.com/discussions/is-paying-rent-from-credit-card-is-safe?page=1#post_9126220
UnderNation wrote:Haha My Brother Rotates 1.8 To 2 Lakh Per Month Approximately... From Hdfc To Icici... Icici To Rbl , Rbl To Idfc ... Cycle Rotates Every Month...
IT wants to know your bhai's location.
https://www.desidime.com/discussions/is-paying-rent-from-credit-card-is-safe?page=1#post_9142903
https://www.desidime.com/discussions/is-paying-rent-from-credit-card-is-safe?page=1#post_9143246
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bankipad wrote:
Pichle 5 saal se mera bhai kr rha h jab ki uska gov job h, mai khud kr rha hu jab se card mila h, abi tak me to cbi, ed, it, united nation aur world bank ki task force ko v aa jana chahye tha check krne
Note : if one credit card spend corsses 10L in one year bank has to send info to IT. If they find irregularly with the filed taxes and credit card spend they might send a notice. Doesnt mean u'll get the it notice this year. May come next year.
What I try to do to avoid this is devide the spend amount all cards I have and do money rotation. I even got credit card in my wifes name to devide the spend 
. And try not to cross 10L limit on 1 card.
https://www.desidime.com/discussions/is-paying-rent-from-credit-card-is-safe?page=1#post_9143720
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neel648 wrote:Note : if one credit card spend corsses 10L in one year bank has to send info to IT. If they find irregularly with the filed taxes and credit card spend they might send a notice. Doesnt mean u'll get the it notice this year. May come next year.
What I try to do to avoid this is devide the spend amount all cards I have and do money rotation. I even got credit card in my wifes name to devide the spend
. And try not to cross 10L limit on 1 card.
And is this 10L limit as per Financial Year or Card Anniversary Year?
Besides, if one has multiple cards from same banks with either shared limit (like ICICI, etc.) or Limit Split between Cards (like in the case of SBI CCs), then the 10L limit is each card or per Card Issuing Bank?
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