Applicability of tax on Cashback

Suresh Thiyagarajan , Last updated: 28 June 2019  
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In the increasing backdrop of E-commerce platform of doing business, there arises a tax angle on how to deal with Cashback. Though Income tax, tax the income arising from cashback exceeding Rs. 50,000 per year on an aggregate basis. This issue is addressed in Sec 56(2)(x) which deals with the gift t

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Published by

Suresh Thiyagarajan
(Student)
Category Income Tax   Report

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