Respected all members in f.y.2019-20 till December GST sales is only 1500000 and net profit is till December 120000 so any other income added allow or not ? if allowed so which income allowed.
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Quick Summary
This discussion addresses whether 'other income' can be added to business accounts for the financial year 2019-20, given specific GST sales and net profit figures up to December. Members are seeking guidance on which types of other income are permissible to include. The consensus leans towards consulting with financial advisors for definitive clarification on allowable income sources.