Important Keyword: F&O Trading, Speculative Income, Trading Income.
Table of Contents
Open a trading account online on 5Paisa
You can open a trading account online on 5Paisa. Stock markets have evolved from the old open outcry system to an advanced electronic system. A trading account serves as an investment account where your money or securities are held electronically, and it allows you to buy or sell these securities in the stock market. Stock traders engage in trading shares, securities, commodities, and currencies through online trading platforms. For income tax purposes, activities like equity intraday trading, equity futures and options, commodity trading, and currency trading are all considered business income.
Steps to open a trading account 5Paisa account
- Visit the 5Paisa website
You can do it from here. - Fill in Basic details
-PAN Card
-Date of Birth
-Contact details: Mobile Number and Email Id
-Bank details
Click on Proceed.
- Fill in your personal details
-Gender
-Martial status
-Name
-Mother’s name
-Father’s name
-Educational qualification
-Occupation
- Fill in your FATCA details
-Nationality
-Country of Birth
-Source of Income
Select the two tick boxes and click on Proceed
- Fill in your Address
Click on Proceed
- Upload documents
-PAN Card
-Signature
-Photo
-Address Proof
-Financial Proof
Click on Proceed.
- Select a Plan as per your requirement
Check the tick box and click on Proceed
- An In Person Verification is required for account opening.
Click on Send me the link. Record a 6-second video and Click on Submit - Lastly, your name and E-sign gateway will be auto-filled for you
Click on Submit
- E-sign using Aadhaar
Enter your Aadhaar number and click on send OTP
- Enter your OTP
Click on verify OTP
- Your account opening process is now complete
You will be able to trade shortly
Read More: Download Tax Profit and Loss report from 5Paisa
Web Stories: Download Tax Profit and Loss report from 5Paisa
Official Income Tax Return filing website: https://incometaxindia.gov.in/
