Whether credit cards cash backs are taxable ?
This query is : Resolved
Anjali Arya
(Querist)
26 July 2011
I have got Rs. 8500 cash back rewards from various Credit Cards during AY 2011-12.
How shall this be treated while preparing IT Return?
How shall this be treated while preparing IT Return?
26 July 2011
Yes this is income from other sources and taxable
28 July 2011
Yes that's right Mr Aggarwal. This is income from other sources.
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