Hi, Could some one answer my question.

I have a taken a loan on my Citi Bank Credit Card for 4,18,000 for 2 years and my monthly EMI would be around 20300.

Question is As per income tax dept, any spends over 2 lakhs on credit card will be required to report in AIR and the same need to be declared by individual.  Looking at my above loan, the annual payment to the loan would be around 240000 (20*12 approx). So does my payment towards my loan which is exceeding 2 lakh pa comes under the AIR requirement by income tax dept ?

Thanks in advance