Discount or sales promotion income

respected all

please guide me regarding below doubt

that
whether discount and sales promotion income received to person has agency business. whether these would be added to turnover or disclose as income from other source. on these gst not levied its just financial note received from seller.
Replies (4)
Quick Summary
This discussion explores how to classify income received from discounts and sales promotions. Participants are debating whether this income should be added to business turnover or reported under 'income from other sources'. The conversation touches on GST implications, potential taxation under the Profits and Gains of Business or Profession (PGBP) head, and how to report such income when filing under Section 44AD.

Discount  received  is not a part of turnover  , please confirm with others also. 

As per sec 28 Any gift, benefit, perquisite arising due to business or profession should be taxable under head PGBP
Soo it's should shown in PGBP not In other source

I am  taking  about  GST  turnover .

But what if i file return under sec. 44AD then how to show that income ..?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details