Re: I do believe that it pertains to cashback also. For me personally cashback paid always on the the following month, regarding one week onwards Personally i think that i involve some bucks remaining from inside the charge card membership, so i push me to invest money on things that We may you would like because Personally i think you to definitely on days end, present bucks borrowing from the bank could well be used in such requests and that i no need to spend something.

I do believe it depends on where i invest and actually i you prefer or otherwise not, whether it’s cashback or coupon.

Right here, anybody who conserved money on automobile purchase having fun with mastercard, vow it used people award affairs / cashback on the one thing might get one method or other, instead of together mainly because affairs or profit their credit card levels.

If you make money (not uses) in order to a credit card surpassing 10L inside an FY, the financial needs to statement they in order to They, normally you will notice that entry on the 26AS

That matter: We heard that in case we purchase over 10lakhs using credit credit, tax will keep eyes into the interest rates for personal loan us. Thus, in this situation when we get auto, wouldn’t they interest taxes.?

There have been two something here: 1. If you purchase an auto worthy of 10L or more, 1% TDS needs to be deposited because of the dealer, irrespective of your form regarding payment, except in case there is income. 2. There is absolutely no taxation implication if you can be the uses are not disproportionate towards earnings(s). Read the rest of this entry »