I was recently suggested by a friend to apply for a HDFC lifetime free credit card through online application, and he said to declare my monthly credit statements as proof of income in order to be eligible. But so far I didn't have to make any such declaration on the site because the application went through anyway. So what I'm asking is, are there any chances of my application being accepted? I really want a lifetime free credit card, but if I declare my credit statements as income in my cc application, then will I have to pay tax for that later too? Btw I am an existing savings account customer of HDFC since 1 year and have maintained a good balance with them
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Suggested to apply for HDFC credit card
- Thread starter dejan
- Start date
- Replies 8
- Views 2,185
You're worrying too much mate. Tax is not made on just credit card statement.
Also income upto 2,50,000 per annum is tax free. Plus bank don't pass verification info to It department.
You worry once your annual spending pass 2,00,000(maybe increased to 2.5lac) that too if you don't file return(very likely) or don't have source of funds to show if they ever ask for it (very rare).
Also income upto 2,50,000 per annum is tax free. Plus bank don't pass verification info to It department.
You worry once your annual spending pass 2,00,000(maybe increased to 2.5lac) that too if you don't file return(very likely) or don't have source of funds to show if they ever ask for it (very rare).
also a personal suggestion, it would be better to stay away from credit cards if you are underfiling/not filing your returns.
