Articles By: ashish2240

Spending more than 2,00,000 per annum on credit cards

If you have have more than 2 lakh rupees of total credit card spending in a given tax year, you should report it when filing your  IT returns in India. More generally, any high value transactions should be reported. This does not result in any extra tax, but just ensures   that the IT department [...]

Following lines in India

  Standing in lines is an unavoidable part of living in a civilized society. Lines help create an order in which people avail some service and help avoid chaos which will ensue if everyone tries to avail that service at the same time. In the 9 years that I spent in the USA, following lines almost became second nature to me. [...]