Hi everyone, I have 7 Rupay credit cards and rotate money between them. I’ve used a total of ₹15 lakh across all cards, but my annual income is ₹7 lakh. Could I receive an income tax notice? Also, is rotating money between cards illegal?
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@anaghanair Using ₹10 lakh on a single bank card may trigger reporting, but it doesn’t necessarily mean you’ll get a notice. However, banks might block your card for commercial use or suspicious activity.