AIR

Deep (OTHER) (30 Points)

22 June 2009  

Whats is Annual Information Return? i read some where that "Payments made by any person against bills raised in respect of a credit card issued to that person, aggregating to two lakh rupees or more in the year." i have a credit card and i always prefer using it and not my debit card or CASH. my average bill is Rs. 25000 per month. i am paying all my bill on time in one time full payment. do i have to worry about "Annual Information Return" ?