Income tax on cashbacks.

Others 291 views 2 replies
I recently read an article that cumulative cashbacks above 50000 is taxable. How is that an income? It is a reduction in our expenses out of our income already chargeable to tax.

1.Income from salaries- Salary received by an employee from employer.
2.Income from house property- Rent received on letout property
3.Profits and gains of business or profession- Net proift for business or profession.
4.Capital Gains- profit on sale of capital assets.
5.Income from Other Sources- Interest,lottery,winnings from horse races,gift,agri income etc.

Now.. Under which head is a reduction of expense calculated?
Replies (2)
cashbacks are discounts given against expenses made through e-wallets etc. if it exceeds 50000 in a FY ,it will be taxable under head IFOS as like gift tax u/s 56(2)

My Take on taxing Cash Back.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details