Adding of PPF interest and dividend from stocks in ITR?

Q & A Forum › Category: Provident Fund (EPF & PPF) › Adding of PPF interest and dividend from stocks in ITR?

shanmukh asked 9 years ago

Hi....Sreekanth...you are presenting nice articles ... I have two doubts: 1)I got an interest from PPF & dividend(some Hundred) .Is it necessary to show them in ITR...I am filing ITR1 as I have income from salary & fd interest ... 2) My cousin wants to sell some goods through online market space(e-commerce sites)....Is she required any GST for registering to E commerce site for selling goods..( Her turn Over will be in hundreds to few Thousands ).... I Hope you present a nice article on GST...... Thankyou, Shanmukh.

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Sreekanth Staff answered 9 years ago

Dear Shanmukh, 1 - The interest income on PFF and Dividend income on Shares are tax-exempt incomes. You can declare such incomes under 'Exempt Income' section of ITR-1 (for reporting purposes only). Dividend can be shown under section 10(34) and PPF interest income can be shown as 'others'. 2 - Actually, GST registration is required if the business turnover is more than Rs 20 Lakh. But, I believe that all suppliers on e- commerce platforms are mandatorily required to register under GST. Hence, even e-commerce suppliers whose aggregate turnover does not exceed the threshold limit for registration will have to compulsorily register under GST. Kindly read : https://www.relakhs.com/gst-goods-services-tax-in-india/ https://www.relakhs.com/gstin-goods-and-services-tax-gst/