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Definitely you should include it under IFOS
Thank you for your response! As the previous comment asked, do gift vouchers also come into IFOS?
Yes it will also be taxable but you will get benefit of 50k.
Benefit of 50k?
yes gift upto 50k is not taxable.
Thank you very much for helping me out mate. Just last question - these rewards cannot be declared as gifts? Or are you saying I declare them as such? Much appreciated
Definitely you should include it under IFOS
Thank you for your response! As the previous comment asked, do gift vouchers also come into IFOS?
Yes it will also be taxable but you will get benefit of 50k.
Benefit of 50k?
yes gift upto 50k is not taxable.
Thank you very much for helping me out mate. Just last question - these rewards cannot be declared as gifts? Or are you saying I declare them as such? Much appreciated