Your Queries: INCOME TAX | Inflated credit card bill shown in 26AS? Get bank to rectify it, then file ITR

Your Queries: INCOME TAX | Inflated credit card bill shown in 26AS? Get bank to rectify it, then file ITR

Payments made by any person aggre-gating to Rs 1 lakh or more in cash or Rs 10 lakh or more by any other mode, against bills raised in respect of one or more credit cards issued to that person, in a financial year are reported as Specified Financial Transactions (SFTs) by credit card issuer.
Check the source here –Source, Financial Express.
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