🇮🇳 क्रेडिट कार्ड

A credit card is a financial instrument allowing users to make purchases on credit, repaying the issuer later. It is currently trending in India due to increased scrutiny on high credit card spending, with reports indicating that excessive use could trigger tax notices. Additionally, there's ongoing discussion regarding the taxability of credit card rewards. This reflects a broader push by authorities to monitor financial transactions and ensure tax compliance.