Cash deposited to salary account from gold loan account

This query is : Resolved

Quick Summary

A client, a government salaried individual with HUF status, deposited a significant cash amount into their salary account. This deposit originated from a gold loan withdrawal and cash received from their father after retirement. The user is seeking clarification on how to report this cash deposit in their ITR 1, especially since it appears on the AIS report, and how to explain it if queried by the Income Tax Department.

raghavendra b

raghavendra b (Querist)
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22 December 2025 DEAR SIR,

ONE OF MY CLIENT IS GOVERNMENT SALARIED PERSON. HE WAS DEPOSITED 11,00,700/- TO HIS SALARY BANK ACCOUNT FROM WITHDRAW MADE FROM GOLD LOAN ACCOUNT OF RS.239000/- REFLECTED IN AIS REPORT.

THE CASH DEPOSITED REFLECTED IN AIS REPORT.
AND ALSO HE IS HAVING HUF STATUS OF PAN CARD.
HE HAS RECEIVED SOME AMOUNT FROM HIS FATHER AFTER RETIREMENT BY CASH.
ALONG WITH WITHDRAW FROM HIS GOLD LOAN ACCOUNT AND HIS FATHER CASH
DEPOSITED IN HIS SALARIED ACCOUNT.

NOW HOW TO REPORT CASH DEPOSIT IN HIS SALARY ACCOUNT

PLEASE CLARIFY ME

THANK YOU REGARDS

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 December 2025 You cannot receive any amount of Rs. 2 lakhs or more by cash from anyone during any event or an year.
Make the aggregate of all the amount received from all such parties authenticating the cash deposit.

raghavendra b

raghavendra b (Querist)
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22 December 2025 THANK YOU SIR,

NOW MY QUERY IS HOW TO REPORT IN ITR 1 WHEN FILING IF SUCH CASH DEPOSITED REFLECTED IN AIS REPORT.

THANK YOU SIR

REGARDS

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 December 2025 Cash deposits will not reflect in ITR 1or 2 directly for salaried person. It will only impact bank balance. In case of query from ITD you have to explain the amount by cash flow.

raghavendra b

raghavendra b (Querist)
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22 December 2025 THANK YOU SIR

FOR YOUR ALL REPLIES

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 December 2025 You are welcome.

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