Urgent Help!! need to pay 8 lac infinia bill - can i rotate, if yes How ?

bro no idea if there's a way.

all I know is you can use various platforms such as snappay, mobikwik etc. for cc to bank but charges anyways would range from 1.5-3%

@abhishek012

jub use krne nhi aata to...

@Demondealer Bro asking advice and not comments, this not your insta or facebook reel. if you don't have any suggestions then I politely request to not comment.. I have almost half the amount to pay bill but was thinking if I can get some extension

@abhishek012 bro any slick way to do this ?

8 lakh bill🙀 purra mohalle ki shopping ,Aap ki karaate ho kya.

I don't think there are any platform which you can use to rotate such a large sum. Wallets have limit what you can load and charges will be there.

Pay up what you can and convert the rest to emi (which will be a costly affair)

What was the thinking behind avoiding a car loan and using credit card? You must be having a plan or money to pay up the credit card bill? 

Wow... 8L Ki shopping on CC to avoid car loan..even after knowing that CC interest rates are 3 times of car loan 

You should have taken that car loan bro. Trying to rotate such huge amount might cause you further trouble in future

I guess pay what you can and then transfer that balance to some other credit card to gain few more days to pay off the rest.

Worst case, you might want to break that txn into an EMI by calling up HDFC cc.

😂 ppl go blind on pts. I have seen people here go crazy to get a card even when benefits on that card is worthless. 

OP could only see 3.3% and not see the rest 96.7% that need to be paid. So if unable to rotate and you pay this via a personal loan still this it would be be 2-3% costlier(min) than a car loan. So all pta earning would go down the drain. 

A thread should have been created before making this payment. 

Even I paid 2lac car down payment via card. But can't think about full amount that too on rotation.

jambui wrote:

😂 ppl go blind on pts. I have seen people here go crazy to get a card even when benefits on that card is worthless. 

OP could only see 3.3% and not see the rest 96.7% that need to be paid. So if unable to rotate and you pay this via a personal loan still this it would be be 2-3% costlier(min) than a car loan. So all pta earning would go down the drain. 

A thread should have been created before making this payment. 

Even I paid 2lac car down payment via card. But can't think about full amount that too on rotation.

Yepp, car loans are always a better choice. I did not even do the downpayment with my credit card even though I could earn 3.3%.
I just paid for insurance, accessories and other small thing through credit card.

Investments give me more then Loan interest rate, why would I break my investment and pay full amount in cash  ... 😄

Maybe, take a personal loan and pay the credit card bill.

innosentguy_me wrote:

@Demondealer Bro asking advice and not comments, this not your insta or facebook reel. if you don't have any suggestions then I politely request to not comment.. I have almost half the amount to pay bill but was thinking if I can get some extension

Lmao. Why did u tag me and when i did even comment here except right now to reply you.

Dont even try to rotate the money at the time of itr u will be screwed.

monu.tanwar123262 wrote:

Dont even try to rotate the money at the time of itr u will be screwed.

Genuine question, why will rotation cause an issue in ITR? It’s our own taxed money coming back to us right?

just don't, take a loan. 

ask relatives/friends for help, repay quickly

Duplicate

Dm me for a trick..will cost below 0.5% for cc to bank

Demondealer wrote:

Lmao. Why did u tag me and when i did even comment here except right now to reply you.

You came in his dreams. 

Ok here is the full detail @Seinfeld @SnippierJoker @monu.tanwar123262 @noobiedealer @jambui did not wanted car loan because    of these pointers

1. Car is from Spinny 2 year old creta ( found it within my budget and what I needed)

2. Second hand car loan usually is approx 13% or more.

3. Credit swipe was giving me 10k worth of reward points spot.

So did I make a right decision or it was still wrong ?

NOW, I do have funds  in FD's and salary incoming. So I thought is okay let's swipe it.

Plus another option is if I help a relative in village to convert his black money empire to white - I already have that offer.

Thanks to @garamjalebi for a trick

I was just looking for self sustainable, since this forum I admire most and i believe you guys are best in saving tips.

So it's okay if I di a mistake 

lalilulelo wrote:

Genuine question, why will rotation cause an issue in ITR? It’s our own taxed money coming back to us right?

Yes people are getting notices from ITR, due to huge credits and debits to account and the total of it.

It is not illegal to rotate money but system doesn't understand rotation so they send notices for explanation for rotation of money.

innosentguy_me wrote:

Ok here is the full detail @Seinfeld @SnippierJoker @monu.tanwar123262 @noobiedealer @jambui did not wanted car loan because    of these pointers

1. Car is from Spinny 2 year old creta ( found it within my budget and what I needed)

2. Second hand car loan usually is approx 13% or more.

3. Credit swipe was giving me 10k worth of reward points spot.

So did I make a right decision or it was still wrong ?

NOW, I do have funds  in FD's and salary incoming. So I thought is okay let's swipe it.

Plus another option is if I help a relative in village to convert his black money empire to white - I already have that offer.

Thanks to @garamjalebi for a trick

I was just looking for self sustainable, since this forum I admire most and i believe you guys are best in saving tips.

So it's okay if I di a mistake 

Brother you might not be wrong, but depositing such a cash amount to credit card will raise ITR suspicion, if not regular rotation definitely will.

sushantmittal0411972 wrote:

Yes people are getting notices from ITR, due to huge credits and debits to account and the total of it.

It is not illegal to rotate money but system doesn't understand rotation so they send notices for explanation for rotation of money.

Oh, thanks for the info. As long as we have the proofs to show all credit and debit is our own, it should be alright, right?

Demondealer wrote:

Lmao. Why did u tag me and when i did even comment here except right now to reply you.

Thanks for clearing my doubt....i didn't see your comment but op tagged you and I thought your comment was removed or something

Best suggestion as far my experience

Pay what you can and add some money from the village amount to be converted to white and buy some time from village guy to give him back.

lalilulelo wrote:

Oh, thanks for the info. As long as we have the proofs to show all credit and debit is our own, it should be alright, right?

Yeah it should be alright but if notice is triggered, you will have to

1. Go to the trouble of explanation

2. File revised return and might need to pay taxes with 2x penalty

3. Hire CA which will help write response and will charge heavy.

4. Your old filling might get scrutinized 5. New filling could be under radar

So in short better be stress free. I think they will eliminate old regime in coming years and make everything on TDS and TCS mode, so they and people dont have these issues.

garamjalebi wrote:

Dm me for a trick..will cost below 0.5% for cc to bank

Anyone who knows the trick can please share with me too 😅

@garamjalebi might have received many dms by now so don't want to disturb him first 😬

lalilulelo wrote:

Genuine question, why will rotation cause an issue in ITR? It’s our own taxed money coming back to us right?

If in case they will ask u about the trans. And about the payment, then u need to show the chain of money transfer from one place to another until source of money.