Credit card amount utilisation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2013
please share your opinion on the below matter.
1)i am using four credit cards with 250000 of total limit.
2)is their any restrictions for use of number of credit cards.
3)if i drawn an amt of 50000 per month with the usage of 4credit cards for a year.
please discuss the above matter.
1)i am using four credit cards with 250000 of total limit.
2)is their any restrictions for use of number of credit cards.
3)if i drawn an amt of 50000 per month with the usage of 4credit cards for a year.
please discuss the above matter.
14 August 2013
1. There is no restriction on the number of credit cards.
2. Make sure you file your income tax return. If you make payments of Rs. 2 lakh or more in a year and DO NOT file a return, then income tax department will issue you a notice for non-filing of return.
2. Make sure you file your income tax return. If you make payments of Rs. 2 lakh or more in a year and DO NOT file a return, then income tax department will issue you a notice for non-filing of return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Price inclusive or exclusive of GST while made entry in P& L Account
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Regarding Applicability of Tax Audit u/s 44AB
- New GST registration for new place of business.
- GST ISSUE OF INPUT AND OUTPUT GST
- Tax rate change regarding
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
