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Credit card limitations
how many amount can I transacted in a financial year through credit cards
Replies (7)
Generally no limit
for further query, elaborate your query
for further query, elaborate your query
There is no such limit
Reward earned from credit cards are taxable or not. I transacted yearly 50 lakh through credit cards and earned 50000 rs cash rewards. in future any problems will arise or no.
Rewards of credit cards are taxable if they exceed Rs 50,000 during the year. For any further query you can text me personally.
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Whether I have to show all credit card total transactions amount while filling income tax
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