Easy Office
LCI Learning

Taxabili9ty of credit card reward points

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 May 2022 Rewards in the form of cashback or credit card points used to pay credit card bills whether taxable income, Kindly advise us.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
30 May 2022 Rewards in the form of cashback or credit card points used to pay credit card bills or buy covered goods (jewellery, drawings, etc.) could be held taxable in India if the total amount of benefit exceeds Rs 50,000 during a financial year.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links