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SFT-006 Payment towards Credit Card

Anant (Accountant) (40 Points)

27 June 2023

In my AIS for 2022-23, the Miscellaneous Payment category has been shown under which SFT-006 (Payment for Credit Card) for more than Rs. 12 lakhs has been shown. I generally used the money to rotate and pay the credit card bill. Will I be in any trouble if I Don't File an Income Tax Return? I am a salaried employee also i used my credit card for paying utility bills for my own and others too.

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23 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 27 June 2023

Filing ITR is mandatory in your case.

3 Like

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Anant (Accountant) (40 Points)
Replied 27 June 2023

Sir, Where will I show the transactions although my income is not taxable also. Would you mind helping me a bit?

2 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 27 June 2023

The transaction will not reflect anywhere in ITR as there is no direct connection between the spending and any corresponding income, just file return whatever be your income, to avoid any query from ITD.

2 Like

Anant (Accountant) (40 Points)
Replied 27 June 2023

Thank you so much sir for your help.

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 27 June 2023

Most welcome.

2 Like

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Sandeep Mehra (3 Points)
Replied 27 December 2023

Hi Sir,

I have similar question related to credit payment.

My income is 22 lakhs and my credit card payment is 46 lakhs with 2 split banks.

I have already file ITR and got my refund. How can I submit my response. While filing ITR i didn't see that amount reflected during filing. Now I see that amount.

What response should I give to ITD, what option to choose from given options in response. Will I be queried back or questioned back for this over spending on income. These are same case rotating money from credit card.

Please help

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 01 May 2024

Keep your account statements handy, in case of any query.

umair shariff (4 Points)
Replied 21 July 2024

Sir I have a similar issue related to credit card payments showing an amoun of 16 lakhs whereas my salary income is around 6 lakhs. How do I account for the amount as I've made payments for rotation of credit card bills and helped my friends for payments. Please help me with this query sir

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 21 July 2024

From the bills of credit cards, records actual spending and rotation of payment. So, whenever any query be raised you can justify the transactions.

rakesh kumar (9 Points)
Replied 21 July 2024

Dear Sir, i have the similar issue my gross salary is 10lac but i have spent and paid in credit card approx which is 18 lac approx. sir, should i respond to STF 006 by clicking on optional and then proceed with information is correct or leave it. also want to informed you that it is teflecting in one amount, one count and in single date. please suggest. thanks for your support.