Cash deposit in PPF

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This query is : Resolved

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A woman received Rs. 50,000 cash for religious teachings and deposited it directly into her PPF account. She needs to report this cash as 'income from other sources' in her Income Tax Return. The direct deposit into PPF doesn't change the reporting requirement, as the source of the funds remains the same. She can then claim the PPF investment as a deduction under Section 80C.

SHAHNH

SHAHNH (Querist)
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16 June 2021 A women has received payment in cash Rs. 50,000 for religious teachings which is her Income from other sources. She deposited cash in PPF Account. Does she have to report it under the head as income from other sources in her Income Tax Return. Thanks 🙏🏻

Ganeshbabu K

Ganeshbabu K (Expert)
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16 June 2021 Yes she need to disclose her income in other sources and investment in PPF can be claimed as DEDUCTION AS per 80C

Gokul Sharma

Gokul Sharma (Expert)
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16 June 2021 YES ....IF IT IS INCOME THEN SHOULD BE REPORTED IF FILLING IS RETURN IS MANDATORY.

SHAHNH

SHAHNH (Querist)
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21 June 2021 Thanks... but need to clarify that instead of depositing cash first in her savings account she has directly deposited cash in PPF account. Does she still need to show in her Income from other sources?