Other Income

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Student
191 Points Joined January 2012
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.
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On 14 July 2018 at 01:41 Report
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
Are you registered under GST or not?
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On 14 July 2018 at 04:29
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Student
191 Points Joined January 2012
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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On 14 July 2018 at 11:29


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