Hi,
If I'm having refund of 40 lakhs in my account from online spends from credit card. So will it be taxable.
Menu
Is refunds from credit card taxable
Replies (4)
Yes it is taxable
Refund !! what type of !! please clarify.
if it's excess paid then refund is capital receipt and not taxable.
if it's excess paid then refund is capital receipt and not taxable.
Hi,
For example,
If I'm ordering something from online website through credit card and then cancelling the order but I'm taking the refund in wallet and then bank account.
So will it be taxable.
No. Not at all.
Recent Threads
- Sec.10 (10D) Tax Benefit not available to PaidUp p
- Seeking your expert view on GST return disclosure
- GST on rent a car Business , GST Query
- Need CA for Turnover Certificate & Tender (Del
- Schedule CFL is not saving 0 as carry-forward loss
- Deduction 80c,80d,80ttq
- GST cancellation ecommerce
- Ca final may 2026 exam
- Shop and Establishment Registration with AGILE Pro
- Deduction 80C, 80D, 80TTA under old regime under b
Related Threads
CAclubindia
