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Petro Miles Redemption

This query is : Resolved 
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(Querist)
11 July 2023 I am having Fleet of vehicles and I use BPCL Petrocards for fuelling refuling the same on regular basis. On every fuelling i earn some petromiles and the same gets accumulated. Recently i have redeemed the amount. Say Rs 10,000/- . The same is credited under Rewards in BPCL Portal.
Further the same amount can be only used for further fuelling.

Shall i treat the same as Other Income. As the same at end of the day will be utilized and the balance will be Zero
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 July 2023 Yes, it is reward, taxable at special rate of 30%.
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