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Other Income
My Turnover during the F.Y.:2017-18 is ₹.5,00,000.00 Approx. For which I have shown Net Profit under 44AD amounting to ₹.42,000.00. Further I have credited Capital Account by ₹.3,00,000.00 Approx as Other Income. Is the Other Income Taxable under GST. And I would also like to know any suitable word instead on Other Income? Experts please guide me. Thank You.
Replies (2)
Are you registered under GST or not?
Yes Registered but I have not credited P & L Account instead I have credited Capital Account by showing income in his personal books.
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