CASHBACK earned in FY 2024-25

[iamdhamo]

Bank/CC cashback/redemption - 18.5 K
Wallet cashback - 7.5 K
Bank/wallet discount (incl rupay offer) - 7.3 K
Site cashback/discounts (incl Amz/FK etc , tracking sites & GV discounts) - 16.1 K
Total about 49K, may be some more that is not linked. Total card/wallet spend about 9.5 L
All cards LTF except Airtel CC

So if someone from income tax dept sees these they might get idea to generate revenue. why not tax cashback for the ones got via cc

Right now above 50K is taxable I think

 

[panchabhut]

So if someone from income tax dept sees these they might get idea to generate revenue. why not tax cashback for the ones got via cc

Right now above 50K is taxable I think

Thats why direct discounts are better than cashbacks.

 

[Riya]

Bank/CC cashback/redemption - 18.5 K
Wallet cashback - 7.5 K
Bank/wallet discount (incl rupay offer) - 7.3 K
Site cashback/discounts (incl Amz/FK etc , tracking sites & GV discounts) - 16.1 K
Total about 49K, may be some more that is not linked. Total card/wallet spend about 9.5 L
All cards LTF except Airtel CC

Wow...
And how????
That's more than 5%
E-commerce discounts are very huge sometimes...
Last year I saw flipkart offering 16k discount on pixel from a particular card...
Is your case too somewhat similar to this?