Snapy credit card to bank transfer - Income tax?

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Deal Cadet
raja.muralid...
For an example I am transferring 5 lakhs per annum from my credit card via snappay and crediting my own account.


Will that be taxable? Or does it come under the radar via AIS of IT portals?
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Like Magnet Like Magnet
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We have got your query.

Your name is successfully registered in next round of income tax notice.

Hunk Hunk
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You have a income of 5 lakh na just file itr regularly then you will have no issues. There is no income tax for income upto 7 lakhs.

Finance Ninja Finance Ninja
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Rotate money is not taxable.

By the way you can also enter your own credit card number and IFSC code instead of bank account details and transfer to credit card, m i right @Knight11 ?

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Like Magnet Like Magnet
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We have got your query.

Your name is successfully registered in next round of income tax notice.

Hunk Hunk
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You have a income of 5 lakh na just file itr regularly then you will have no issues. There is no income tax for income upto 7 lakhs.

Finance Ninja Finance Ninja
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Rotate money is not taxable.

By the way you can also enter your own credit card number and IFSC code instead of bank account details and transfer to credit card, m i right @Knight11 ?

Benevolent Benevolent
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Yes. Not every bank, but most of the bank support neft. Some support imps too.

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Deal Subedar Deal Subedar
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which cc r u using for this ?

replyuser
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