Section

Credit card and taxes: How do credit card transactions affect your taxes?

By Livemint - 3 weeks ago
Credit cards: High-value credit card transactions can lead to tax complications if not properly reported. It is essential to align credit card spending with declared income and accurately report expenses while filing ITR to avoid penalties from the tax agency's monitoring system.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.