UPCOMING | Amazon Great Indian Festival | 17th to 20th Oct 2016

@dreamaaj wrote:

@dealsbuster wrote:

@dreamaaj wrote:

@dealsbuster wrote:

Where did you see yhe Citibank discount banner? Is it discount or cashback?

https://www.facebook.com/AmazonIN/videos/566269...

So, it is not clear whether it is cashback or instant discount?

cashback as per 27 second mark on the video

yeah .. noticed carefully now. Thanks (Made you a deal cadet )

@dreamaaj wrote:

@dealsbuster wrote:

@dreamaaj wrote:

@dealsbuster wrote:

Where did you see yhe Citibank discount banner? Is it discount or cashback?

https://www.facebook.com/AmazonIN/videos/566269...

So, it is not clear whether it is cashback or instant discount?

cashback as per 27 second mark on the video

Last year, I bought iPhone 6S+ during Amazon Diwali sale around Oct 27-28. The citibank cashback was 1750rs. Don’t remember the minimum shopping amount. Expect same this year or maximum 2000rs considering Citibank offered 2k discount on Snapdeal in last sale.

Another sale and again a chance for Amazon to gain more Prime members.

Wow sale. Was feeling low these days after end of bbd of fk

Hdfc or citi??
Had a great time but bought nothing in last sale will buy at least a laptop in this one

Instant discount cold have made the deal sweeter

@saymyname wrote:

Hdfc or citi??
Had a great time but bought nothing in last sale will buy at least a laptop in this one

Buy one for me too please.

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

And how much tax to pay? Paying it from last 3 years.

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

I already got notice with above reason around 9 years back and got PAN card and started filing returns from that year.

Already over budget…No thank you.

@BUTTERFLYBOY wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

And how much tax to pay? Paying it from last 3 years.

That is a separate issue but first you will have to explain it to them where did you got the money to spend from …

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

+

also per pancard. depends on the spends per pancard. credit cards tagged to pancard.

@HailStonE wrote:

@BUTTERFLYBOY wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

And how much tax to pay? Paying it from last 3 years.

That is a separate issue but first you will have to explain it to them where did you got the money to spend from …

Simple. Get an addon card for your mom/dad. I’m doing the same and got the notice too. Login to IT site and there’s an option to fill for that notice reason, card is shared with my family +pan number of your family with whom you’re sharing( your family member should be paying IT too). I havn’t received any notice after that.

@rajrocks wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

+

also per pancard. depends on the spends per pancard. credit cards tagged to pancard.

This I did not knew… I thought that its per credit card & if you have more than one credit card from various banks then you can spend upto 2 lakh on each card…

@HailStonE wrote:

@rajrocks wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

+

also per pancard. depends on the spends per pancard. credit cards tagged to pancard.

This I did not knew… I thought that its per credit card & if you have more than one credit card from various banks then you can spend upto 2 lakh on each card…

@HailStonE wrote:

@rajrocks wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

+

also per pancard. depends on the spends per pancard. credit cards tagged to pancard.

This I did not knew… I thought that its per credit card & if you have more than one credit card from various banks then you can spend upto 2 lakh on each card…

2 lakh per card is thr + per pancard is also thr but threshold depends on various factors

@AngryHulk wrote:

@HailStonE wrote:

@BUTTERFLYBOY wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

And how much tax to pay? Paying it from last 3 years.

That is a separate issue but first you will have to explain it to them where did you got the money to spend from …

Simple. Get an addon card for your mom/dad. I’m doing the same and got the notice too. Login to IT site and there’s an option to fill for that notice reason, card is shared with my family +pan number of your family with whom you’re sharing( your family member should be paying IT too). I havn’t received any notice after that.

Applied for it right away.

This info is half correct. Yes those spending high amounts on CRedit card would get notice frm IT Dept. But this threshold is now increased to Rs 10 lakh per card in a financial year . This is changed from Rs 2 lakh since last 2 years. If you are having two different bank cards and doing trxns of Rs 5 lakh each your both banks wont notify it to IT Dept.

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

This rule applies for debit cards too ?

@hiteshparmar.007104 wrote:

@BUTTERFLYBOY wrote:

Yay ! Citi, Citi, Citi, Citi 15% with Citi

Edit: Aaaj na chhodunga tujhe dam dama dam
Tune kya samajha hai mujhe dam dama dam
Dil me hain tufan bhara dam dama dam (Because of last Citi offer on Snapdeal)
Nach meree jan jara dam dama dam

@DealSeeker @A2Zdeals @hiteshparmar.007104

Thanks for tagging me…But I am done with all my purchases in the last 4-5 months…So will not be using it..However if anyone needs help, u know how to get hold of me

@Tejaa wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

This rule applies for dc too ?

@BUTTERFLYBOY wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

And how much tax to pay? Paying it from last 3 years.

@rajrocks wrote:

@HailStonE wrote:

@rajrocks wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

+

also per pancard. depends on the spends per pancard. credit cards tagged to pancard.

This I did not knew… I thought that its per credit card & if you have more than one credit card from various banks then you can spend upto 2 lakh on each card…

2 lakh per card is thr + per pancard is also thr but threshold depends on various factors

@tycoon wrote:

This info is half correct. Yes those spending high amounts on CRedit card would get notice frm IT Dept. But this threshold is now increased to Rs 10 lakh per card in a financial year . This is changed from Rs 2 lakh since last 2 years. If you are having two different bank cards and doing trxns of Rs 5 lakh each your both banks wont notify it to IT Dept.

Any source to read this update or to know about how this works?

vuns:-}

@Tejaa wrote:

@HailStonE wrote:

All those people spending over 2 lakh (Total per financial year) on a single credit card.. Be wary.. You will get an IT notice since your bank is obliged to report it to them…

Please pay heed before you cross that limit….

This rule applies for debit cards too ?

No….. Debit cards are exempted but any transaction (single) above one lakh attracts scrutiny by IT Dept..

@Sarvesh wrote:

@tycoon wrote:

This info is half correct. Yes those spending high amounts on CRedit card would get notice frm IT Dept. But this threshold is now increased to Rs 10 lakh per card in a financial year . This is changed from Rs 2 lakh since last 2 years. If you are having two different bank cards and doing trxns of Rs 5 lakh each your both banks wont notify it to IT Dept.

Any source to read this update or to know about how this works?

+1, Please provide source for this info since I could not find even one single link which can verify your claim…

Beware if you are spending too much via online payment in short period . also if you thinking by having multiple bank cards you can fool them, so you are in dream .
So consult your CA or financial consultant if your spending are crossing 50k to 1lacs in a very short time gap .

one such news of recent shopping festivals – http://timesofindia.indiatimes.com/city/bhopal/...

@BUTTERFLYBOY wrote:

@saymyname wrote:

Hdfc or citi??
Had a great time but bought nothing in last sale will buy at least a laptop in this one

Buy one for me too please.