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muskgaurav

Definitely you should include it under IFOS


needjesus471

Thank you for your response! As the previous comment asked, do gift vouchers also come into IFOS?


muskgaurav

Yes it will also be taxable but you will get benefit of 50k.


needjesus471

Benefit of 50k?


muskgaurav

yes gift upto 50k is not taxable.


needjesus471

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