Stock trading impact on it

Moosa Tamijuddin (Finance and Project Controller)   (115 Points)

16 February 2017  

Dear all,

One of my friends, who worked as an Academics Director in a Management College in 2011 made an IT exemption deposit of Rs 55,000 in fixed deposit.  It has matured in 2016 March and credited in his bank account along with interest of Rs 18,000.  He is using the FD amount now to buy shares through Sharekhan Trading co. personally on line. Is this FD amount or interest amount to be shown in IT declaration this year. Please let us know.

Thanks and Regards,

TAMIJUDDIN M