Hi,
If I'm having refund of 40 lakhs in my account from online spends from credit card. So will it be taxable.
Is refunds from credit card taxable
Replies (4)
Quick Summary
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.
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