Hotness [Expired] 2% CASHBACK ON ALL TRANSACTION @RUPIZO

Hot Deal [Expired] 2% CASHBACK ON ALL TRANSACTION @RUPIZO

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27 Dimers
4onrgc1
Deal Subedar
113
1099
37
Tejaa wrote:

@TEMPER ITD never sent you any notice for such high value transactions ? #JustCurious

no, any one got ?:shock:

Dsc 8604
Deal Cadet
73
856
14
Tejaa wrote:

@TEMPER ITD never sent you any notice for such high value transactions ? #JustCurious

y they ll send bro ,that too for 45k

Premam first look.jpg.image.784.410 1491053822386
Entertainer
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@prashudesai 45k can be in lakhs when we are rotating the money, Bro https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Let’s say he loaded 45k from his bank to rupizo, then again transferred this 45k back to his bank,
Now his Pan card is linked with Bank and rupizo too as he have a kyc verified rupizo account

So now what ITD people will see is : “45k debit transaction in bank + 45k credit transaction in rupizo + 45k debit transaction in rupizo + 45k credit transaction in bank”
So total : 90k credit and 90k Debit transactions
CC: @TEMPER

4onrgc1
Deal Subedar
113
1099
37
Tejaa wrote:

@prashudesai 45k can be in lakhs when we are rotating the money, Bro https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Let’s say he loaded 45k from his bank to rupizo, then again transferred this 45k back to his bank,
Now his Pan card is linked with Bank and rupizo too as he have a kyc verified rupizo account

So now what ITD people will see is : “45k debit transaction in bank + 45k credit transaction in rupizo + 45k debit transaction in rupizo + 45k credit transaction in bank”
So total : 90k credit and 90k Debit transactions
CC: @TEMPER

https://cdn2.desidime.com/assets/textile-editor/icon_rolleyes.gif https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif
Dsc 8604
Deal Cadet
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856
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TEMPER wrote:
https://cdn2.desidime.com/assets/textile-editor/icon_rolleyes.gif https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

But,they wont track much of those online transactions,,becuase he ll be having proof regarding the same,they mainly check cash transactions which r deposited to account.

Premam first look.jpg.image.784.410 1491053822386
Entertainer
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@prashudesai That’s not true bro, they check everything
They will send notice to share the source of income, 90k debit plus 90k credit transaction in a day is not a small amount bro
Bank sends annual data to ITD, now its upto ITD

And FYI this rupizo or similar type of offers are coming daily, So may be he is churning daily now i am leaving everything in your guess

Premam first look.jpg.image.784.410 1491053822386
Entertainer
1,419
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@prashudesai
Now say if he provide income source of 5lakhs ( per annum )
Now ITD will say : Duck man, You are doing transactions of more than 5 lakhs per month and showing income of 5lakhs per annum https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Missing
suspended
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Tejaa wrote:

@prashudesai 45k can be in lakhs when we are rotating the money, Bro https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Let’s say he loaded 45k from his bank to rupizo, then again transferred this 45k back to his bank,
Now his Pan card is linked with Bank and rupizo too as he have a kyc verified rupizo account

So now what ITD people will see is : “45k debit transaction in bank + 45k credit transaction in rupizo + 45k debit transaction in rupizo + 45k credit transaction in bank”
So total : 90k credit and 90k Debit transactions
CC: @TEMPER

Everything online is white… So what ever the amount of transactions its fine

More over one can show the digital proof of transactions

Dsc 8604
Deal Cadet
73
856
14
Tejaa wrote:

@prashudesai That’s not true bro, they check everything
They will send notice to share the source of income, 90k debit plus 90k credit transaction in a day is not a small amount bro
Bank sends annual data to ITD, now its upto ITD

And FYI this rupizo or similar type of offers are coming daily, So may be he is churning daily now i am leaving everything in your guess

If that is the case ,by this time atleast 15% of dimers should have received notice long back,,including me,,i spent 7 lakhs from my rbl insignia card,4 lakhs from standard chartered,2.2 from kotak, 3 from amex,4 from rbl fun +,1.5 lakhs from indusind,1 from citi in last 4 months,,

4onrgc1
Deal Subedar
113
1099
37

thanks bro’s.. for a sec i tensed https://cdn2.desidime.com/assets/textile-editor/icon_smile.gif

A2z1
Community Angel
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prashudesai wrote:

If that is the case ,by this time atleast 15% of dimers should have received notice long back,,including me,,i spent 7 lakhs from my rbl insignia card,4 lakhs from standard chartered,2.2 from kotak, 3 from amex,4 from rbl fun +,1.5 lakhs from indusind,1 from citi in last 4 months,,

ITD doesn’t work real-time
Notice will come for sure once assessment for financial year is over
For notice u/s 137 or other there are certain criteria inter alia investment in mf, property transactions, payment of card >10lacs (earlier 2 lacs) etc etc

@Tejaa
@TEMPER

Implications of notice cannot be judged, basically return must be filed if you are getting into financial transactions. Rest of things are criteria driven.

Dsc 8604
Deal Cadet
73
856
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A2Zdeals wrote:

ITD doesn’t work real-time
Notice will come for sure once assessment for financial year is over
For notice u/s 137 or other there are certain criteria inter alia investment in mf, property transactions, payment of card >10lacs (earlier 2 lacs) etc etc

Every year my credit transaction transation will be more,last year it was around 20 lakhs.,,usually if u deposit more cash into account,,then deifinitely they ll monitor closely,,anyhow if they come back also,we will be having the proof ,,if they track like that,it ll be very much difficult ,,i usually keeping on transfering the money from one account to another account,,to my brother,wife, to and fro,,if they consider that as debit and credit transactions,,then gone,they wont be able to track n process, one year assesemnt for next 10 years also

4onrgc1
Deal Subedar
113
1099
37
Expand
A2Zdeals wrote:

ITD doesn’t work real-time
Notice will come for sure once assessment for financial year is over
For notice u/s 137 or other there are certain criteria inter alia investment in mf, property transactions, payment of card >10lacs (earlier 2 lacs) etc etc


@Tejaa
@TEMPER

Implications of notice cannot be judged, basically return must be filed if you are getting into financial transactions. Rest of things are criteria driven.

If we bought TC cards from amazon with our credit card,later transfer to bank and then paying card bills.. is this illegal ?

A2z1
Community Angel
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prashudesai wrote:

Every year my credit transaction transation will be more,last year it was around 20 lakhs.,,usually if u deposit more cash into account,,then deifinitely they ll monitor closely,,anyhow if they come back also,we will be having the proof ,,if they track like that,it ll be very much difficult ,,i usually keeping on transfering the money from one account to one account,,to my brother,wife, to and fro,,if they consider that as debit and credit transactions,,then gone,they wont be able to process one year assesemnt for next 10 years also

Will discus over pm on monday when ever we both are available, even I need to dig IT Law & rules

@TEMPER

Let me gather more legal info

4onrgc1
Deal Subedar
113
1099
37
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A2Zdeals wrote:

Will discus over pm on monday when ever we both are available, even I need to dig IT Law & rules


@TEMPER

Let me gather more legal info

please include me also bro in your discussion

Dsc 8604
Deal Cadet
73
856
14
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TEMPER wrote:

If we bought TC cards from amazon with our credit card,later transfer to bank and then paying card bills.. is this illegal ?

its neither legal nor illegal,until u r able to explain them if u get notice ,chill bro,dont worry,,but always do IT returns properly

Missing
Deal Lieutenant
273
3041
41

I suggest those who make large transactions to keep proper books of accounts. Simple accounting in good old Tally should do the job. That way, complete financial trail is available and can be explained to the IT Dept if required.
Only income can be taxed. Not expenditure. Cashbacks are reduction in expenditure, not income. As long as net expenditure (after cashback) can be explained out of net income, the inter account transfers are treated as non-income transactions. However, proper transaction trail is required to prove that they are mere rotation of money.

Dsc 8604
Deal Cadet
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856
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Did anybody received Cashback for the transactions did on Dec 8,has it been processed or pending

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Deal Lieutenant
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prashudesai wrote:

Did anybody received Cashback for the transactions did on Dec 8,has it been processed or pending

I haven’t recvd yet. My transactions were on Ptm and Oxigen. Where did you transact?

Dsc 8604
Deal Cadet
73
856
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prashudesai wrote:

Did anybody received Cashback for the transactions did on Dec 8,has it been processed or pending

Paytm bro , mostly by today if not tomorrow they ll process Cashback waiting for it,

Dsc 8604
Deal Cadet
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856
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1cooldesidd wrote:

I haven’t recvd yet. My transactions were on Ptm and Oxigen. Where did you transact?

Received Cashback check now bro

Missing