Stock trading impact on it

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

 

Replies (2)

Yes. The FD interest is taxable as on yearly accrual principle.

Thank you, Sir

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details