Can any one give proof
Cash Redeem on points earned on use of Debit card is your Income to be added in Other Income
Or is it non taxable so not included in Income
Further ..For NRI
NRE and NRO ..Both have same rule or different
Thanks
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Redeem Debit Card
Replies (1)
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For Personal Use: Cashback is usually a non-taxable rebate unless the aggregate of such benefits and other gifts exceeds ₹50,000 in a financial year.
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For Business Use: It is treated as income or a reduction of business expenses.
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NRE/NRO: The nature of the account does not change the fundamental taxability of rewards; it only affects the taxability of the interest generated by the account.
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