Credit card
This query is : Resolved
ABDUL KHALIQ
(Querist)
26 December 2013
My collegue regularly uses his credit card for booking air tickets online for his officials. which may be sometimes more than 50000.00. Does it effect his income tax profile and it dept may question him for his huge transactions. pl reply
26 December 2013
no there is no income tax implicatin in this regard.
26 December 2013
Hi
If he spends more than 50k in a year then he is required to have PAN card, other wise there is no implications.
Thanks//VaibhavJ
If he spends more than 50k in a year then he is required to have PAN card, other wise there is no implications.
Thanks//VaibhavJ
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