Credit Card Limit to Avoid Income Tax Notice || Maximum Credit Card Limit In 1 Year

Credit Card Limit to Avoid Income Tax Notice || Maximum Credit Card Limit In 1 Year
Worried about receiving an income tax notice due to your credit card spending? In this video, we explain how your credit card limit and usage can trigger an income tax notice and what you can do to avoid it.
Learn the best practices for managing your credit card limit, understanding your spending patterns, and staying under the radar of tax authorities. This is a must-watch for anyone who wants to keep their finances in check and avoid unnecessary tax scrutiny.
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[@i_sarathchandra]

1:40 Correction advised!
Form 26AS is an automated statement and the individual taxpayer need not fill it.
Few transactions like CC transactions more than 10L etc., Can be viewed in AIS/TIS.
Form 26AS is a tax credit statement and AIS/TIS is an information statement containing all high value transactions reported by the banks and financials institutions, tax credit informations and other information.

[@sagar_neer]

Ye bekifayti wale har baar kuch n kuch wrong info dete h.....bekifayati shyd sabse phela finance education channel tha par ab inki quality as compared to other bhot hi ghatiya h.

[@JigarDhananiprofile]

True. Appreciate the intention behind this but it is necessary to fact check before putting it out since most people may not have technical finance/ tax background.

[@sannjoyghosh4814]

Isko block karne ke bad bhi iska video kese aya jata hey

[@TheNaveid]

waiting for govt to tax reward points as well !! imagine people paying 30% of MR points to Govt or 30% of infenia points . and govt booking hotels and flights with accor/Marriot for minsters :) .. trust me IF i tell this to Sitaraman she will implement it ;)

[@karandhore4740]

Shhh... Koi Hai.🤫

[@phoneix8309]

I want it to be implemented asap .
I want to see the same situation of N.S.R. as like the pM of Bangladesh .
I want it badly........ 😊😊

[@FunkadelicFeed]

Bhai please delete kar de yeh comment. Padh legi voh 😢

[@kishorekrishnan2268]

Jeh badiya tha golu....

[@ShouryaSingh6609]

Just milk the middle class in Amrit Kaal

[@rahulsgharat]

Government's full concentration in on wasooli . They are not bothering on women's safety, growth, education and health. Only think how new type of tax should we add

[@softsensbaby]

Women women women stop with your biased crying men also suffer

[@nitpro]

Hope they extend this to all politicians too....Tracking of spending to income....😅

[@SudhanshuKoushal]

Ye nhi hota hai hmare yha.....iske liye app vote hi sahi bnde ko de nhi to vo in rules se bahar hi rhege hmesha

[@nitpro]

@@SudhanshuKoushal across party lines all are relatives and friends. From local corporators to MPs. Just that tax payers are made to feel everything is structured...

[@dhyeyj]

Amazed to see very few (1 so far) comments about the correction required. And the narrator herself has worked for half CA and is running a finance channel. 26AS is an auto generated statement containing information about the taxpayer's various transactions, primarily TDS. Viewers please, it is for your reference and you are not supposed to fill anything.

[@debasishraychawdhuri]

If you have shown your entire income to the Income Tax department and paid your taxes, and you do not have any illegal income, a notice can be easily handled.

[@MukarramJahmj]

Like we didn’t know this thing.

[@nikhilkala2861]

i have been following you guys for like 1.5yr or more now and i can you guys explain every topic in the best way possible and not some big 30min video with 5 min of genuine knowledge.. kudos to you guys

[@g.k.walebabu1962]

very helpful video for students like me who did transactions via credit card to pay bills sometimes.
I will definately look after these points and use my card more efficiently to avoid income tax notice

[@bekifaayati]

Thank you 😊🙌

[@SunnyNarula-nz9pk]

​@@bekifaayatima'am 10 lakh per bank or doesn't matter?

[@chandrakant_kandhare]

​@@SunnyNarula-nz9pk 10 lakhs per pan card

[@SunnyNarula-nz9pk]

@@chandrakant_kandhare shukriya g bohot bohot

[@riteshrai7]

@@SunnyNarula-nz9pkits 10 lakhs per bank

[@user-zh6nu4md3l]

My income only 52,000 😅 & i am seeing 6 -7 lakh wale monthly income wale logo ki scheme 😅

[@user-yy3ij9tk4r]

And mine is only 22k 😂😂😂, we like to watch the rich

[@pranoy.chakraborty_]

6-7 lakh yearly income not monthly bro

[@ARYA-qk7uu]

We all are not same bruhhh😢

[@MohsinKhanzayn]

My income 10k only

[@user-zh6nu4md3l]

​@@pranoy.chakraborty_ dekh le bhai 3:05 par kya bol Rahi hai ,,,,,,
50 lakh agar annual bhi pakro jaise aap keh rahe ho
50 lakh ÷ 12 months
= 4166666.66 monthly
Mai sahi hu yeh amiroo ki scheme hai😅 Bhai

[@Akashji98]

Aaise information dete rahiye aap ka bhagwan bhala kare 💯🌸

[@gautamsinha5998]

Rewards and cashback is discount, why no one challenges this law?

[@biharibabu396]

Why is there no information about Cryptonica in your videos? It's a giant in the crypto ATM

[@brajesh_mishra]

Informative, thank you 👍

[@bekifaayati]

Welcome 😊🙌

[@tarunsetia1642]

Ye wale topic ki video sabse bdia aapne bnayi hai UA-cam pe with easy explanation

[@bekifaayati]

Thank you 😊🙌

[@vedchaturvedi8971]

​@@bekifaayati bahut dara diya mam aapne to

[@ANKURTAH]

If I am talking on your Case 3 (Students community earn through Rewards) , GST registration could be avoid. As Gst rule gives us an exemption while Payments made as PURE AGENT, then only rewards part would be considered as Income.

[@shishupalkumar1657]

Bhai iske liye ITR ke other source me kya likha jayega

[@I.K.illedThatBeardGuy]

2:25 haha when it comes to collection govt uses advanced software to pick every people from millions of people BUT when it comes to providing facilities then it's hard to take care of those millions of taxpayer people 😂

[@sandeep4403]

A big THANK YOU to the team, You guys are doing a great job, explaining finance & tax topics in such a simple language with only the relevant data points which can be understood by common man - Thank you once again

[@bekifaayati]

Welcome 😊🙌

[@issaognigga786]

They want us to explain our expenses and income while they can't even break down their own 200 cr expenditure on building a road

[@mutumpremeshworsinghmutump5884]

Really appreciate your efforts for such valuable informations tq a lot❤❤❤❤

[@bekifaayati]

Thank you 😊🙌

[@drbakul]

Thanks for great information in simple words ! 🎉

[@bekifaayati]

Welcome 😊🙌

[@azimkhanofficial2103]

Apka tarika acha h guide karne ka isiliye channel subscribe kar raha hun 👍

[@Vickywatt186]

Very informative...thank u and appreciate ur efforts..keep going..

[@bekifaayati]

Welcome 😊🙌

[@OnTheGoRahul]

You guys actually work really hard to bring valuable content to us. Keep it up👍🏻

[@bekifaayati]

Thank you 😊🙌

[@healthiswealth1001]

Why are you only guys replying to positive n good comments reply to all...​@@bekifaayati

[@shock-t3768]

Very informative thank you. Basically use multiple credit cards and keep your expenses below your income.

[@bekifaayati]

Welcome 😊🙌

[@madmaster.]

your smile is awasome

[@dattatrayakathare463]

Ma'am in the rule 1 that you explained,
the transaction of 10lakh per statement per credit card or collective transaction of all credit card per statement cycle or the annual spend of 10lakh+ from all the credit card.
Thank you..

[@solankipriyank]

No. It's for an annual financial year.

[@vivekthakur2797]

10 lakh on individual person credit card or collectively all credit card plz reply ..

[@solankipriyank]

@@vivekthakur2797 it's on total spends on all credit cards. As your credit card is linked to your Pan card, the details get accumulated and detected by the software.

[@amitrajpoot8033]

commutative spends of 10L on all credit card in a financial year

[@Garv_se_right]

Didn't know this earlier. Thanks for bringing this out

[@bekifaayati]

Welcome 😊🙌

[@ipconfigearth102]

10lac would reach easily looking at inflation 😂😂 yet most people don't pay tax.

[@yogeshmhasagar6709]

Need a extremely talented CA who can fight against these rules and make our life a better place to live... 😢

[@shees1993]

Thanks for this very important video. ❤

[@bekifaayati]

Welcome 😊🙌

[@ShreyasKhansole]

Very nice information keep it up.

[@bekifaayati]

Thank you 😊🙌

[@realNHT]

Mai soch Raha tha ki mai 1lakh mere papa ke credit card me transfer kar dunga aur uske baad firse wo 1 lakh mere credit card me transfer kar dunga 😂l😂
Aise daily 10k earn ho jayega 😂😂

[@AnilQuad]

How?

[@shubhambahpagaria1748]

Kaise daily 10k hoga

[@mish241]

Thank you ! Truly informative.

[@bekifaayati]

Welcome 😊🙌

[@ChandanK_]

Very helpful and informative video! Thank you for this 👍

[@bekifaayati]

Welcome 😊🙌

[@keshavabhardwaj8116]

Really awesome and genuine information given mam. i really appreciate your dedicated work and salute your efforts....thanks a lot.

[@bekifaayati]

Welcome 😊🙌

[@NeoHomoSapien]

Thank you for your kind information 🙏🏻

[@bekifaayati]

Welcome 😊🙌

[@akashmittal7276]

Very useful information 👍👍

[@bekifaayati]

Thank you 😊🙌

[@TechnicalNaveen20]

Thank for information Explained Very Easy Way Tq ❤✅

[@bekifaayati]

Welcome 😊🙌

[@abhishekkalkhnday6492]

good work .keep doing ,best of luck

[@bekifaayati]

Thank you 😊🙌

[@kunaldas9419]

Quite informative. Thanks 😊

[@bekifaayati]

Welcome 😊🙌

[@AbhishekSingh-rb2oo]

Amazing work!!

[@bekifaayati]

Thank you 😊🙌

[@spsahoo319]

Much needed one.. thank you

[@bekifaayati]

Welcome 😊🙌

[@vivekbhaskar9]

Very relevant information provided by you...
Thanks 🙏

[@bekifaayati]

Welcome 😊🙌

[@AbhijeetDey-mq7rq]

Thanks for this type of helpful and knowledgeable video😊😊😊😊

[@bekifaayati]

Welcome 😊🙌

[@anupdey4483]

Very Much Informative!!!

[@bekifaayati]

Thank you 😊🙌

[@kareemabdul8826]

Great job and well explained 🎉

[@bekifaayati]

Thank you 😊🙌

[@Shubhausaha2004]

Good explaination didi..

[@bekifaayati]

Thank you 😊🙌

[@LalaLala-nd6tc]

Thank you for such informative videos keep going

[@bekifaayati]

Welcome 😊🙌

[@genglobalplatforms]

Amount received against sale goods/services are considered as turnover. All the amount credited to bank are not mandatorily a turnover.

[@pranavshinde500]

Helpful video 💯

[@bekifaayati]

Thank you 😊🙌

[@wolfyyy0071]

Very helpfull one. thanks for the knowledge

[@bekifaayati]

Welcome 😊🙌

[@kingthedon7499]

Awesome details!

[@bekifaayati]

Thank you 😊🙌

[@atifkhanthegreat]

That’s why I love working in UAE. Good pay and no income tax

[@gopalbiswas4583]

Really Helpful

[@bekifaayati]

Thank you 😊🙌

[@abhishekshaw2156]

What if I have 3 cards, let's assume 2 from Axis and 1 from HDFC. Then what will be my total limit 10×3 Lakhs or 10×2 Lakhs or only 10 Lakhs?

[@anne_xplorer]

Even I have the same doubt. Please shred light on this

[@vedchaturvedi8971]

10×2 Lakhs ... Axis ke dono cards mila ke 10 lakh h aur hdfc akela 10 lakh...

[@vedchaturvedi8971]

Mere icici ke 2 cc the ... Dono mila ke 14 lakh+ ho gya to notice a gya

[@sayandutta5787]

​@@vedchaturvedi8971kitna saal baad ay notice yea usi financial year pe aya?

[@LieMazee]

it will be 10x3

[@akshaydhurve9899]

Very nice information shared , thank you

[@bekifaayati]

Welcome 😊🙌

[@kunalmandlik85]

Very informative videos.hats off😊

[@bekifaayati]

Thank you 😊🙌

[@24_santanurath56]

Ok mam as you know new apps came yaper ,idzo who give incentive for order mobile for other and earn money
Iam doing these for 1 year and always thinking about 10lakh per year what if (let's consider I spent 11lakh on credit card just to order for other and I have to pay zero tax is this possible or they will tell as it is personal credit card you can't use for others so you have to pay tax GST etc nonsense things 😢

[@bhaskargiri7887]

Thank you for your valuable information 👍

[@bekifaayati]

Welcome 😊🙌

[@vinodahire6330]

mam please video hindi mai banayiye hume jyada english samjh nhi aata jo main topic hota hai vahi samaj nhi aata

[@krishnakanthgade]

explanation and content needs to be clearer for people who have no idea of these things like me.

[@vikasmehta5165]

Thanks mam Half CA next part waiting 😊

[@sanjaypoddar1077]

Very well information sharing

[@bekifaayati]

Thank you 😊🙌

[@jashgindra1356]

Need more info on the income tax
Keep up the good work

[@bekifaayati]

Thank you 😊🙌

[@sanjayroyvines]

Very informative ❤

[@bekifaayati]

Thank you 😊🙌

[@kothadurgaprasad5318]

Very informative 👏

[@bekifaayati]

Thank you 😊🙌

[@souviksaha3243]

❤ great knowledge thanks

[@bekifaayati]

Welcome 😊🙌

[@Gaurav-vu9qd]

Very nice video. Keep it up

[@bekifaayati]

Thank you 😊🙌

[@saikesh]

thanks a lot for this info! Was searching all over net about this topic, so grateful that you have made this video. Can we consult with you directly about one specific thing about credit card money rotation?

[@bekifaayati]

Welcome 😊🙌
You can DM us on Instagram.

[@mohammedateequekhan9299]

What a Amezing info by
U mem. MeNe AapKi Bat SuN KaR Likha he. isiLiye RepLy Kam Se Kam Thanks zaRuR LikhaNa.
And I subscribed yr channeL many id. So Bade Kaam Ka BnDa hu.

[@bapparoy5126]

Very good information mam

[@bekifaayati]

Thank you 😊🙌

[@manishkejriwal7760]

Thank you for making this type of content.

[@bekifaayati]

Welcome 😊🙌

[@ramizraza2216]

Thanks for the update

[@uttam_5]

Very good explained. but no problem if utility bill paid by credit card . Purchase from credit card may have problem.

[@Nikhil_naam_h...]

Well topic covered manu

[@bekifaayati]

Thank you 😊🙌

[@MartinTerang-o3l]

Very nice information

[@bekifaayati]

Thank you 😊🙌

[@harminderkaur4093]

Hi. Good explanation of complex taxation process. Can u do a similar vid on remittance abroad for kids studying abroad.😊

[@bekifaayati]

Thank you 😊🙌
Sure, we will try to cover this in our future videos.

[@mohitgupta3055]

​@@bekifaayatiWHICH TYPE OF TRANSECTION NEED TO MAKE GIFT DEED TO AVOID INCOME CLUBBING
I DO TWO TYPES OF TRANSECTION
1. I TAKE MONEY DIRECTLY FROM BANK TO BANK FROM WIFE TO SELF AND INVEST IT STOCK MARKET
2. I TAKE SHARE AS GIFT FROM DEMAT TO DEMAT FROM WIFE TO SELF
WHICH METHOD IS BETTER
DO I NEED TO SHOW THIS IN MY ITR

[@nimeshdtiwari]

Very informative...👍👍👍👌

[@bekifaayati]

Thank you 😊🙌

[@vicky.ghantiwalaghantiwala1297]

very useful information thank you

[@bekifaayati]

Welcome 😊🙌

[@souviksaha3935]

Want to know in case you make payments for your friends via your credit card, then that will not match with your income right? How to tackle those situations?

[@raviyamakanamardi6078]

Quite useful video

[@bekifaayati]

Thank you 😊🙌

[@no_comments-xyz]

ये 10 लाख की ट्रांजेक्शन लिमिट क्रेडिट कार्ड के साथ साथ किसी भी अन्य माध्यम से भी बैंक ट्रांजेक्शन करने की है।
तो मेरा सवाल ये है की ट्रांजेक्शन मतलब account में इनकमिंग और आउटगोइंग दोनों को मिलाकर होता है या सिर्फ आउटगोइंग या सिर्फ इनकमिंग से होता है।

[@TechnoWide]

Itr bharo kuch nahi hoga

[@Jignesh_Gohil]

Thankyou for information ❤

[@bekifaayati]

Welcome 😊🙌

[@SouravKumar-ro1kr]

Very informative content.

[@bekifaayati]

Thank you 😊🙌

[@TeamVikas]

Good 👍

[@bekifaayati]

Thank you 😊🙌

[@Shubhktech]

Please make video on credit card rotation payment by student community in details so student can't face any kind of trouble.
Student can know how to utilise their credit card smartly

[@bekifaayati]

We will try to cover this in our future videos.

[@Wiseindianguy]

Me shaking while paying my monthly diesel of 4000 rs by credit card thinking govt. ispe bhi notice na bhej de. 😂

[@mayankranka7039]

Do I need to make a new firm altogether if I am spending more than 10 lacs in total of all my multiple cards. I am spending most of these for some commission work, like I get commission on every order. Also provided my net taxable income is

[@ABHISHEKSINGH-by5qn]

saans leta hu😪 tax lag jaata hai😌

[@SM-ih3go]

I request govt to take away 30% of my shit from the toilet. 😂

[@drsaurabhksingh1468]

Sans chor k deduction claim kr skte 😂

[@SunilGupta-xx8su]

Thanks for this information

[@bekifaayati]

Welcome 😊🙌

[@dhruvdesai3728]

Great explanation

[@bekifaayati]

Thank you 😊🙌

[@sumandas5904]

Informational and knowledgeable

[@bekifaayati]

Thank you 😊🙌

[@drshoebkhan]

Thanks alot for informations

[@bekifaayati]

Welcome 😊🙌

[@sureshmutluru4532]

Very informative

[@bekifaayati]

Thank you 😊🙌

[@shibashiskundu8829]

Is this 10 lakhs spend limit is for one credit card or total expenses of 10 lakhs of all the credit cards combined together, held at a point of time or year??

[@sachin2842]

every rules for middle class no anti corruption rules for cronies😢

[@user-st8kw5ft9b]

Good 👍 information

[@bekifaayati]

Thank you 😊🙌

[@avi3369]

Use of credit card is type of a loan itself it means one is taking loan first then paying off the loan then why such inquiries? Please clear the concept. Thanks.

[@Four_two-ka-one]

Please Reply me
Mera 2 credit card hai
Mera janne wale ko har mahine 1.5 lakh ke as pas deta hu, fir mujhe date se pehele de deta hai
Uska business hai
Kya problem hai , kuch hoga

[@sachins260]

Thumbnail me modiji kya kar rahe hai??? Hadd hai yaar har jagaha unki photo daal rahe ho views ke naam pe 😂😂😂