Other Income

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Article Assistant
32 Points Posted on 24 August 2020
If a company dealing in NBFC business and they are charging fees for Advertising which is different service from its natural Business. so my query is should the company can show it as other income?
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On 24 August 2020 at 14:04 Report
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This discussion clarifies how an NBFC should classify income earned from advertising services, which is separate from its core business. If the advertising income is small and infrequent, it can be shown as 'other income'. However, if it becomes a significant and recurring revenue stream, it should be treated as business income.

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CA Job
606 Points Posted on 25 August 2020

if Income amount is small in comparison to NBFC business, then YES you can show under OS,

But if income is more in comparision to main business and is of recurring nature then it will be feasible  to show it as business income.

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On 25 August 2020 at 13:47
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Article Assistant
32 Points Posted on 25 August 2020
Thank you so much sir
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On 25 August 2020 at 13:54

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