Credit card transactions 20 L per year
This query is : Resolved
21 June 2021
Dear Sir,
I have 5 credit cards. my salary is 40 K,
I am maintaining my debts 2 laksh thru my credit cards in way of my friends power bills, electricity bills paid from my credit cards. in this process total transactions up to 20 L per financial year.
is it any problem from IT department. if i get notice regarding my transactions from credit cards. how to resolve ?
just i postponed my dues to manage my credit cards.
Please advice me
I have 5 credit cards. my salary is 40 K,
I am maintaining my debts 2 laksh thru my credit cards in way of my friends power bills, electricity bills paid from my credit cards. in this process total transactions up to 20 L per financial year.
is it any problem from IT department. if i get notice regarding my transactions from credit cards. how to resolve ?
just i postponed my dues to manage my credit cards.
Please advice me
CA R SEETHARAMAN
(Expert)
21 June 2021
No problem, if you prove that you paid friends power bills.
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