Cash back offered

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5 Points Posted on 24 February 2021
Are cash back offered by banks and by sellers taxable
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On 24 February 2021 at 17:45 Report
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This discussion explores whether cash back offers provided by banks and sellers are considered taxable income. The general consensus leans towards them not being taxable, as they are often viewed as a form of discount rather than actual income.

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Chartered Accountant
24588 Points Posted on 24 February 2021
Not taxable
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On 24 February 2021 at 18:14
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GST Consultant
15986 Points Posted on 24 February 2021
They are in the form of discounts
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On 24 February 2021 at 18:26

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