Did you crossed payment of 10Lakhs in one of your credit card this year?
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Section to see current transaction of "Credit cards" in ITR or PAN

42°
Deal Lieutenant
DEEPANGEORGE

Hello Dimers,

1) I want to know is there any possible way to see current transaction turnover happened till now IN CREDIT CARDS in this financial year 24-25, inside our PAN  i.e in ITR portal?

2) Is there any section that displays total transaction of this current ongoing total cumulative transaction amount in our PAN?



I am interested to know, mainly to check if we crossed 10lakhs payment or not within a "particular bank credit card" in FY 24-25, to keep ourself safe from upcoming IT notice:)


Please do comment so that we can learn these intricacies with PAN and in ITR:)

Top Comments
Hunk Hunk
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Nope you can't see these in IT or pan portals .. you need to track these. FI's reports it only when the threshold is breached and typically at the end of the year

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Deal Cadet Deal Cadet
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I think no such option on income tax portal. FIs report data annually.

You can check your statements. Total spends are counted for all cards of same bank.

Banks report only if total spends > 10 lakh.

Deal Lieutenant Deal Lieutenant
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thanks for your valuable inputs smile



Ah hmm no option ahhhh


hmmm how to check prepayments we made (so guess have to manually add up all the credits within every statement? but some credits are refunds too hmm)


Any justification / suggestion you know for upcoming IT notice with respect to credit card spends greater than 10lakhs? would greatly help:) if you know and can share:)


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Hunk Hunk
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Nope you can't see these in IT or pan portals .. you need to track these. FI's reports it only when the threshold is breached and typically at the end of the year

Deal Lieutenant Deal Lieutenant
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ah sad:) good to learn these intricacies:)


hmmm  Any justification / suggestion you know for upcoming IT notice with respect to credit card spends greater than 10lakhs? would greatly help:) if you know and can share:)
Finance Mentor Finance Mentor
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NO,

IT portal only updates transactions after the end of a financial year. That's why so many people get a surprise attack of penalties for meagre interest from some source.

Deal Lieutenant Deal Lieutenant
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ah sad this is head ache
Helpful Helpful
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it's a kind of thing, a thief on his own asking the police whether he is being tracked or not 😉

Deal Lieutenant Deal Lieutenant
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Good analogy xDDD


but here is the thing:

to ask being tracked or not is perfectly legal to ask:) BUT ANSWER MAY OR MAY NOT COME:)  but still its perfectly legal for anyone NOT ONLY THIEF to ask POLICE ,hence even a commoner can ask POLICE for the reason of their OWN SAFETY because a STALKER can CLAIM AS POLICE too, so perfectly fine to ask about being tracked or not:)

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