Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies following virtual digital assets which shall be excluded from the definition of virtual digital asset:

1. Gift card or vouchers, being a record that may be used to obtain goods or services or a discount on goods or services;
2. Mileage points, reward points or loyalty card, being a record given without direct monetary consideration under an award, reward, benefit, loyalty, incentive, rebate or promotional program that may be used or redeemed only to obtain goods or services or a discount on goods or services;
3. Subscription to websites or platforms or application. 2. This notification shall come into force from the date of publication in the Official Gazette.