CC Payments Tracking

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Last Comment 2024-06-05

2024-06-05

Let's say I make a payment of 2L using my CC and before the bill date if I clear the amount - Will it be reported or tracked?

Asking in scenarios for utilising cashback offers in CC

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https://www.desidime.com/comments/permalink/10117494

aneelg

2024-06-05

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@flash007 I have question here,do you mention all savings bank account interest in IT return and pay tax above 10k or don't provide details and don't pay tax for it?

https://www.desidime.com/comments/permalink/10117500

flash007

2024-06-05

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@aneelg IT department already knows the savings bank interest, it is also visible under the AIS report.
and yes I pay tax for interest > 10k

https://www.desidime.com/comments/permalink/10117482

flash007

2024-06-05

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@kushagraamit Also, 10L is old limit,
based on how fastly they are upgrading AIS/TIS, I suspect it will start for all spends in there like all saving account interest started showing.