Income from committee system

Can I show profit from committee system as other income?? Is the committee system is legal..???
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Quick Summary
This discussion explores the accounting treatment and legality of income generated from a committee system, often referred to as a chit fund. Participants are seeking clarification on whether profits from such schemes can be declared as 'other income' and if the system itself is legally permissible.

What do you mean by Committee system !!
We may call it chit fund usually do created between friends, family and people who have trust in each other.

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