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

Open a trading account online on HDFC Securities

You can now open a trading account with HDFC Securities entirely online. The stock markets have evolved from traditional open outcry systems to modern electronic systems. A trading account serves as an investment account, holding your money or securities electronically, and allows you to buy or sell those securities in the stock market. Stock traders use online trading platforms to trade various instruments like shares, securities, commodities, and currency. For income tax purposes, trading in Equity Intraday, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading is classified as Business Income.

Steps to open a trading account on HDFC Securities

1. Visit the HDFC Securities website.
   On the website, fill in details like:
   Name
   Email
   Mobile number
   City
2. You will receive an OTP on that number
   Enter the OTP. Click on Open my Account.
   
   
3. A sales representative will shortly contact you for further process.
   As seen below:
   
   
   
4. The sales representative will require documents during the in person visit.These documents are:
   -Self-attested PAN card copy
   -Self-attested Aadhaar copy
   -Canceled cheque of the bank account you wish to link
   -Passport size photo
   -Residential address proof
   -Account holder’s signatures are also necessary
5. Your account will become active once the documents get verified.
   This may take 5-7 working days

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