Reporting Under Income Tax: High Value spending on Credit Card

Section 285BA r.w.r. 114E requires a financial institution to report credit card payments made by person exceeding INR 10lakhs in a FY...

So its advisable to file ITR and disclose all the sources of income & bank accounts as there could be possible chances of IT scrutiny about the source of funding / income for such high credit card outflows

Hello Sir, I have been using my credit cards as revolving credit. I do not do any business. I am just a salaried employee. Since , I had financial stress, I used credit cards to rotate money. I used paytm rent pay to transfer money from my credit card to my savings account and then pay another credit card bill and so on. I have been spending. 5-6 lakh every month like this. Is there a problem from this? What should I do now?