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.
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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 ?
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