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New cc to bank account unlimited trick, using lazypay upi

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Deal Subedar
F7-Dimer-Primer
If you have Lazypay Upi, Tranfer the amount to paytm merchant account. Pay the lazypay credit using credit card. In paytm merchant account, you can accept unlimited Upi at 0%.
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Deal Lieutenant Deal Lieutenant
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how to get paytm merchant account?

Pro Shopping Friend Pro Shopping Friend
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Why..?? Is self registration stopped now ??

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Deal Cadet Deal Cadet
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How to get lazypay upi?

Super Stud Super Stud
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few days later, lazypay not accepting credit cards

Critic Critic
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Can someone clarify if Merchant Account get logged in 26AS ? Since our PAN is registered and Merchant Account means it’s a source of income, ideally 26AS might be tracking it; so we might get taxed on it !!!

Finance Mentor Finance Mentor
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Yes , i have the same question , any suggestions on the same

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Generous Generous
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How to get lazypay upi, is it user specific

Deal Cadet Deal Cadet
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No option to get upi any suggestions plz

Helpful Helpful
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It wont have huge tax amount involved, if the amount received in paytm merchant account is considered as turnover, u can declare 6% of it as profit. And negligible tax on it which may get covered under rebate of 12.5k.

I think concern should be, getting banned by paytm for accepting payments from limited unique users or repetitive payments.

Deal Cadet Deal Cadet
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Where is Lazypay upi app,?

Deal Subedar Deal Subedar
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26AS only if TDS is deducted by Paytm

Critic Critic
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Don’t use such “tricks” anymore or you will be volunteering(whether willingly or unwillingly) to make a small contribution to shortfall in tax collection. stuck_out_tongue

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