UPI BENEFITS TAX
SACHIN KHETAWAT (Student) (349 Points)
15 March 2018
if UPI credit our account against gift card or something else whatever it name , what should be the tax treatment,
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 16 March 2018
" or something else whatever it name .........."
This factor 'whatever it name' decides the tax liability........
Gift upto certain limit will be tax free......
Rewards against specific perormance/transaction will be taxable at special rates....
Some times..... whatever it be............will be taxable under IFOS !!!
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