SFT Credit Card

Hi ,

I see that SFT006 transaction got reported for the credit card usage of about 11 lakhs.

I use about 170000 of credit card every month in the form of card swipe for the business.

And again i repay it back with in the time frame.

And my annual salary is rs. 9.5 Lakh per Annum

Can any one suggest me will it lead anything related to Income tax or any other issue.


Hi @Sahir25

The SFT information is for disclosure purposes. Your credit card payments are not a part of your income, so it does not affect your income tax return.