Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Income from repair job

06 June 2020

Sir I want to know that the income from repair work from electrical ,Electronics goods and other kinds of repair job comes under the head Income from other source or Income from business or professional.Thanks.

Reply
Follow
Share

2 Replies

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 06 June 2020

It can be considered under both.

If it is your main source of income and you have a separate bank account for this or something which shows on record that it is your main source of income like any registration somewhere, you can treat it as your business.

Otherwise treat it like other source.

Upgrade to CAclubindia Pro. Subscribe Now!

Shivam RC (Student) (23683 Points)
Replied 06 June 2020

Agree with CA Saloni Ma'am.

If you are maintaining a separate Current Account for your Repair Work Services, then you can show it as a PGBP INCOME. Otherwise show it under Income from Other Sources.