I have liquidated all FD and invested in stock market.
1. What is income tax implication arises due to this.
2. I have read that above 10L investment in stock market, my demat account bank will report to Income tax.
Menu
FD to STOCK MARKET investment
Replies (2)
The interest received on FD in excess of 40000 rupees is taxable as other sources
Thanks Sir....
I have 25L in stock market and planning to put another 25L.
Will the stock market investment will be visible in 26AS form as SFT transactions?
and for that shall i have to explain my source of income while filing ITR.?
OR i can invest as much as in stock market without worrying about IT implications ?
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
