Credit card payments showing compulsory
Kollipara Sundaraiah (B.com) (2983 Points)
12 March 2023question:
assessess credit card transactions show in compulsory.
Kollipara Sundaraiah (B.com) (2983 Points)
12 March 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177792 Points)
Replied 12 March 2023
Please note that the AIS and TIS reports for FY 2022-23 will get fully updated till May end 2023. So check the transactions if reported or not by first week of June 2023 & then come to any decision.
If the transactions are below Rs, 2 lakhs and only for personal expenses, then this transaction may not get reflected in ITR 1, 2 &4.
sabyasachi mukherjee
(27574 Points)
Replied 13 March 2023
Lotus Agrawal
(Practice)
(1361 Points)
Replied 13 March 2023
Mani Bwin
(36 Points)
Replied 11 July 2023
sir, one of the my client paid 90 laks in credit card payment in the fin year 22-23.
where i show the amount while I'm filing income tax return... he is salaried person... pls send what is the rules of credit card payment under income tax act.