Credit Card Amount use for business Capital

The 1.5 Lakhs transferred from your credit card to the business account should ideally be treated as a business expense, assuming it was used for business purposes. Make sure you have records of how this money was utilized in the business.

Given the significant amount involved, it's advisable to consult with a tax professional or accountant who can help you properly account for these transactions in your personal and business tax returns. They can advise you on how to address the 18 Lakhs shown in your Personal Annual Information Return (AIR) and ensure compliance with tax regulations.