TMI Blogincome tax liability for credit card holdersX X X X Extracts X X X X X X X X Extracts X X X X ..... 1).THERE IS ANY REGULATION OR ANY RULE RELATED TO INCOME TAX FOR CREDIT CARD HOLDERS? 2).THERE IS ANY LIMIT FOR CREDIT CARD TRANSACTION ? IF THERE ANY LIMIT ,WHICH TYPE OF PAYMENT INCLUDES THOSE LIMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T. ie,Repayment of purchasing product and repayment of cash loan avail from credit card - Reply By Vivek Harsh - The Reply = Institution issuing credit card is required to give info. on payments mad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e by any person against bill raised in respect of credit card issued to that person aggregating to two lakh rupees or more in the year to the department - income tax liability for credit card holders ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Query Started By: - ABDUL RAHIM K M Dated:- 9-6-2012 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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