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Payments made in respect of credit card (SFT-006)

Tax queries 2394 views 1 replies

Hi. I'm salaried and I have filed ITR based on my salary, interest, dividends, and stock market profits. A week ago I got an SMS that "The Income Tax Department has identified following high-value information which does not appear to be in line with the Income Tax Return filed for Assessment Year 2022-23 (relating to FY 2021-22)" and upon checking the IT site, all of these are related to "Miscellaneous payment, SFT-006,Payments made in respect of credit card (SFT-006)" and crossed the 10L. What should I give feedback on the site? This is not my income source, I'm a shopaholic and I used credit cards to rotate money when I was in need of some cash

Replies (1)
Only income is required to be disclosed in ITR and credit cards payments are not income.

Hence you just give feedback about correctness


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