News

Credit card cashbacks and reward points are generally treated as discounts, but their taxability may depend on how the benefits are received or used.

Is Income Tax Payable on Credit Card Cashback and Reward Points? Know What Experts Say

Judgement

The ITAT Mumbai held that business expenditure incurred through the credit card of the assessee’s spouse cannot be treated as payment for services requiring TDS.

ITAT Holds Business Expenses Can Be Incurred Through Spouse’s Credit Card and Cannot Be Disallowed

ITAT condones over 1,000 days delay, remands the case for fresh assessment, and gives the taxpayer another chance to explain Rs 19.02 lakh in credit card expenses and salary income.

ITAT Condones Delay of Over 1,000 Days, Gives Taxpayer Fresh Opportunity to Explain Rs.19.02 Lakh Credit Card Expenses and Salary Income

Articles

Know how credit cards designed for women offer lifestyle-focused rewards, shopping benefits, travel perks, and seamless UPI payment convenience.

Credit Cards Designed for Women: What Makes Them Different

ITAT remands Section 69C unexplained expenditure case, directing CIT(A) to provide the taxpayer a fresh opportunity to explain credit card expenses before deciding the appeal on merits.

ITAT Remands Section 69C Addition Case, Orders Fresh Opportunity to Taxpayer

ITAT deleted Rs 9.25 lakh of a tax addition after accepting part of a Mumbai taxpayer's family gift claim for cash credit card payments.

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Is Income Tax Payable on Credit Card Cashback and Reward Points? Know What Experts Say

ITAT Holds Business Expenses Can Be Incurred Through Spouse’s Credit Card and Cannot Be Disallowed

ITAT Condones Delay of Over 1,000 Days, Gives Taxpayer Fresh Opportunity to Explain Rs.19.02 Lakh Credit Card Expenses and Salary Income

Credit Cards Designed for Women: What Makes Them Different

ITAT Remands Section 69C Addition Case, Orders Fresh Opportunity to Taxpayer

Mumbai Taxpayer Gets ITAT Relief in Rs 13.95 Lakh Credit Card Cash Payment Case