Will I get Income Tax Notice if my Credit limit goes beyond 10L ?

[Deekshith]

I have seen in some youtube videos that if credit limit goes beyond 10L we will get IT notice, Is it true ?

 

[TaxWiser]

I have seen in some youtube videos that if credit limit goes beyond 10L we will get IT notice, Is it true ?

Yes, but it depends on multiple factors & certain conditions.
Watch this video on YouTube to get answers to all your queries:

 

[zacobite]

I have seen in some youtube videos that if credit limit goes beyond 10L we will get IT notice, Is it true ?

no.. if u PAY more than 10 L to one bank then it is just reported to ITD.. You won't get any notice unless there is any major mismatch in income and spend