Be Cautious. Arindam has confirmed that many of his subscriber who made transactions using TIDE card for money rotation using PayZapp, Mobikwik, Bajaj Finserv, rental payment were getting income tax notice
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Are there any limits like credit card spending 10 lack per bank for prepaid cards?
even all small transactions will be visible on the AIS
It is not visible in my AIS statement for current financial year. Also interest received from Mobikwik Xtra or 12% club is not visible.
AIS still has to integrate lot of things. I usually disclose such income under income from other sources.