Anant (Accountant) (35 Points)
27 June 2023In my AIS for 2022-23, the Miscellaneous Payment category has been shown under which SFT-006 (Payment for Credit Card) for more than Rs. 12 lakhs has been shown. I generally used the money to rotate and pay the credit card bill. Will I be in any trouble if I Don't File an Income Tax Return? I am a salaried employee also i used my credit card for paying utility bills for my own and others too.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160337 Points)
Replied 27 June 2023
Filing ITR is mandatory in your case.
Anant
(Accountant)
(35 Points)
Replied 27 June 2023
Sir, Where will I show the transactions although my income is not taxable also. Would you mind helping me a bit?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160337 Points)
Replied 27 June 2023
The transaction will not reflect anywhere in ITR as there is no direct connection between the spending and any corresponding income, just file return whatever be your income, to avoid any query from ITD.
Sandeep Mehra
(3 Points)
Replied 27 December 2023
Hi Sir,
I have similar question related to credit payment.
My income is 22 lakhs and my credit card payment is 46 lakhs with 2 split banks.
I have already file ITR and got my refund. How can I submit my response. While filing ITR i didn't see that amount reflected during filing. Now I see that amount.
What response should I give to ITD, what option to choose from given options in response. Will I be queried back or questioned back for this over spending on income. These are same case rotating money from credit card.
Please help
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