15/07/2026
🚨 STOP using your credit card like it’s a secret diary! 🚨
You declared ₹10 Lakhs in your ITR but paid off ₹30 Lakhs in credit card bills? 🤫
If you think the Income Tax Department won’t notice... think again! 👇
The moment your annual credit card payments cross ₹10 Lakhs, your bank is legally required to report it straight to the tax authorities. All of this shows up instantly on your AIS (Annual Information Statement).
When your lifestyle spending doesn’t match your declared income, you are practically inviting a tax notice under Section 69A for unexplained money.
The Damage?
60% Flat Tax
25% Surcharge
High Penalties & Interest
Totaling up to ~84% of the unexplained amount! 💸
Don't let a simple mismatch turn into a massive financial headache. Plan your taxes right, check your AIS regularly, and file your ITR accurately.
Confused about your AIS or received a notice? Let the experts handle it!
💼 Nidhi Manocha And Company
Chartered Accountants
👥 Partners:
CA Nidhi Manocha
CA Naman Manocha
📞 Get in touch today for professional tax planning and advice:
👉 8126795308 | 7300650138