High Card Spending? You Could Get a Tax Notice I Credit Cards & Tax Truth I PayRupik I Instant loan

Описание: Your credit card rewards might look completely harmless 💳

Cashbacks, reward points, vouchers — it all feels like free money.
But here’s what many people don’t realise: they can attract income tax scrutiny 📩

If your card spends are unusually high compared to your declared income, or if rewards are converted into cash or benefits, they may raise red flags. The Income Tax Department tracks such activity through AIS (Annual Information Statement) and SFT (Statement of Financial Transactions).

What can trigger attention?
• High-value credit card spending
• Income and spending mismatch
• Monetised or redeemed rewards
• Multiple cards with heavy usage

The smart rule to follow 👇
✔️ Spend genuinely and within your means
✔️ Track your monthly card statements carefully
✔️ Ensure your card usage aligns with your income

Credit cards are powerful tools — but only when used wisely. Awareness today can save you from stress, notices, or explanations later.

Better awareness = fewer surprises at tax time 💡

Have you checked your credit card statements recently? 👇
Share your thoughts in the comments and follow PayRupik for smart money awareness, practical finance tips, and responsible spending insights 💙

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