spending large amount on credit card and avoiding IT notice
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If I spend 1.75-2 L using my credit card(6-7 month in an year)and it is paid back after 2 days before the bill generation, can this avoid bank reporting to IT department.
Any another suggestions??
Any another suggestions??
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https://www.desidime.com/discussions/spending-large-amount-on-credit-card-and-avoiding-it-notice?page=1#post_10041416
I have 2 credit cards fr axis Bank, so whether the limit is 10L separately for each card or is it combined limit of 10L in a year?
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https://www.desidime.com/discussions/spending-large-amount-on-credit-card-and-avoiding-it-notice?page=1#post_10038363
If total payments exceeded 10lacks per bank then will be reported to it department
So if you want to still do transaction and don't want it dept report then split transactions in 2 banks
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In a year, the amount u r paying to the credit card should be less than 10L(online mode).