Important keyword: F&O Trading, Intraday, Speculative Income, Trading Income.

Open a trading account online on Axis Direct

Opening a trading account online with Axis Direct is straightforward. The evolution of stock markets from open outcry systems to electronic platforms has made trading more accessible and efficient. A trading account serves as an electronic investment account where you can securely hold cash or securities and execute buy or sell orders for various instruments such as shares, securities, commodities, and currencies through online trading platforms.

For tax purposes, income earned from trading activities like Equity Intraday, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading is categorized as Business Income.

Steps to open a trading account online on Axis Direct

1. Visit the Axis Direct website
   You can access it here.
2. Click on Open a new Account
   Fill in your personal details such as:
   -Mobile number
   -Email id
   -Name
   -City
3. Click on Get OTP on mobile
   As seen below:
   
   
4. Fill your basic details
   Click on Proceed to personal details.
   
   
5. Fill in your personal details
   Enter your PAN and DOB
   
   
6. Click on Proceed
   Add your address and Confirm
   
   
7. Fill Your Details in Personal Details
   Fill all compulsory details
   
   
8. You need to add a few more additional details
   Add the details and click on Proceed to Bank Details
   
   
9. Fill in your Bank Details
   -Bank name
   -Bank account number
   -IFSC Code
   -Confirm bank account number
   Click on Proceed.
   
   
10. Choose an Axis Direct plan
    As per your requirement, select the necessary segments that you want to trade-in
    
    
11. . Click on Make Payment
    And continue
    
    
12. Choose the payment method
    And make the payment
13. Upload all the required documents.
    E-sign using Aadhaar. Enter your Aadhaar number and click on send OTP.
    
    
14. Enter your OTP
    Click on verify OTP
    
    
15. A Power of Attorney (POA) Document will be sent to your email address
    Click on Finish
    
    
16. Sign your POA documents
    Courier it to the respective address
17. Your Demat account will be activated after you send your POA documents
    The process is complete

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Official Income Tax Return filing website: https://incometaxindia.gov.in/