cashback earned or any other reward earned from "spin the wheel " amazon or paytm is taxable @30% rate
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https://www.desidime.com/discussions/cashback-earned-or-any-other-reward-earned-from-spin-the-wheel-amazon-or-paytm-is-taxable-30-rate?page=1#post_9729730
If buying gift cards are not subjected to GST then how come winnings in online games such as spin and win where the prizes are credited in the form of gift cards be subjected to tax?
https://www.desidime.com/discussions/cashback-earned-or-any-other-reward-earned-from-spin-the-wheel-amazon-or-paytm-is-taxable-30-rate?page=1#post_9729789
Because you are not buying it
You are winning it
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https://www.desidime.com/discussions/cashback-earned-or-any-other-reward-earned-from-spin-the-wheel-amazon-or-paytm-is-taxable-30-rate?page=1#post_9729478
10rs mile the bhai
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https://www.desidime.com/discussions/cashback-earned-or-any-other-reward-earned-from-spin-the-wheel-amazon-or-paytm-is-taxable-30-rate?page=1#post_9729387
All sort of games 😜 neta log ko hissa chahiye mercedes mei ghumne ka personal plane kharidne ka
Game khele koi maza le ye log
Aajkal ka satoriya bolta hai main ye kar leta hu jao dream11 team banao
https://www.desidime.com/discussions/cashback-earned-or-any-other-reward-earned-from-spin-the-wheel-amazon-or-paytm-is-taxable-30-rate?page=1#post_9729360
Please do add that this is applicable if the winnings (aggregated) are over 10k. I doubt if many people actually get that many rewards over a year.
https://www.desidime.com/discussions/cashback-earned-or-any-other-reward-earned-from-spin-the-wheel-amazon-or-paytm-is-taxable-30-rate?page=1#post_9729364
TDS is not always exactly the amount of tax you need to pay
https://www.desidime.com/discussions/cashback-earned-or-any-other-reward-earned-from-spin-the-wheel-amazon-or-paytm-is-taxable-30-rate?page=1#post_9729287
Park+ also ?
https://www.desidime.com/discussions/cashback-earned-or-any-other-reward-earned-from-spin-the-wheel-amazon-or-paytm-is-taxable-30-rate?page=1#post_9729269
Wait for some time...
They will give cashback after deducting TDS. 😝
https://www.desidime.com/discussions/cashback-earned-or-any-other-reward-earned-from-spin-the-wheel-amazon-or-paytm-is-taxable-30-rate?page=1#post_9729211
yes, all these winnings are taxable.
Even Cashback we get are taxable
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Still a little confused.
Can you please explain the GST part in relation to GV?
E.g if I buy a ₹1000 Amazon GV, I get exactly 1000 rupees worth, so where is the GST?
You will be charged GST when you buy something with that GV
Still a little confused.
Can you please explain the GST part in relation to GV?
E.g if I buy a ₹1000 Amazon GV, I get exactly 1000 rupees worth, so where is the GST?
Gift cards are like a promise note. It's the company saying you can buy anything from me in the future for this value. When do buy anything using the gc from them, gst is levied on your purchase. Do you understand now?
Besides do you know how much gift cards go unused? It's all free loan for the issuing company.
Nirmala S is the worst FM during my life time.