Head of income to be ed

For assortment charges income, the appropriate head of income depends on the nature and context of the income:

• If the assortment charges are related to your regular business or profession, like fees or charges you collect as part of your core business activity, then it should be classified under “Business Income” (Profits and Gains of Business or Profession).

• If the assortment charges are occasional, not related to your main business, or arise from a one-time transaction or service, then it should be reported under “Income from Other Sources”.

To decide:

• Are you regularly providing services/products related to these charges as part of your business?
  → Business Income

• Or is it an incidental/occasional receipt?
  → Income from Other Sources