Hi, I am working in an organisation with an annual salary of 25+ LPA. For a side income, I started app development on Play Store and Apple Store. I am earning around Rs 7-8k per month from ad revenue and Rs 2-3 k per month from in app purchase which is done by users from India as well as outside.
My question is how do I pay tax on this app income? Should I combine it with my salary while filling ITR. Also, do I need to pay GST on this. As this is a side project, I do not have any GST no.
Based on the quantum of the transaction as stated in query, GST would not be applicable.
You cannot add the income under Salary head; but it may be declare under head 'Income From Other Sources'
Thank you for the answer sir. I also want to know when is the GST generally applicable?
Depends upon your terms with app stores, but mostly they ask for your business account with GSTIN.
CAclubindia
