https://www.desidime.com/discussions/snapy-credit-card-to-bank-transfer-income-tax?page=1#post_9871391
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Snapy credit card to bank transfer - Income tax?
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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?
Will that be taxable? Or does it come under the radar via AIS of IT portals?
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https://www.desidime.com/discussions/snapy-credit-card-to-bank-transfer-income-tax?page=1#post_9872040
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 ?
https://www.desidime.com/discussions/snapy-credit-card-to-bank-transfer-income-tax?page=1#post_9872205
Yes. Not every bank, but most of the bank support neft. Some support imps too.
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https://www.desidime.com/discussions/snapy-credit-card-to-bank-transfer-income-tax?page=1#post_9872216
which cc r u using for this ?
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We have got your query.
Your name is successfully registered in next round of income tax notice.
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.
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 ?