Credit Card overuse

[shubham.soni]

Hi Team.. Kindly Please Help .. I have on record income of around 6 lakhs as on F16..But i just realized in last FY23-24.. i have overused my credit of spend around 29L. what precaution should i do while filing ITR ...so that i can avoid credit card overspend notice from IT dept.

 

[Ft_Vaishali]

Hi Team.. Kindly Please Help .. I have on record income of around 6 lakhs as on F16..But i just realized in last FY23-24.. i have overused my credit of spend around 29L. what precaution should i do while filing ITR ...so that i can avoid credit card overspend notice from IT dept.

While filling your income tax return, make sure to accurately report your income and expenses, including the credit card spends. if possible try to show
legitimate sources for the increased spending. also Consult with a tax professional for personalized advice.