by Shakshi Bharti | Jun 24, 2024 | Income Tax
Important Keyword: F&O Trading, Intraday, Speculative Income, Trading Income.
Open a trading account online on Kotak Securities
You can open a Kotak Securities account completely online. The transformation of stock markets from an open outcry system to an electronic system has made trading more efficient and accessible. A trading account serves as an investment account that holds your cash or securities electronically and allows you to buy or sell these securities in the stock market. Stock traders use online trading platforms to trade various instruments such as shares, securities, commodities, and currencies.
For income tax purposes, earnings from activities like Equity Intraday, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading are classified as Business Income.
Steps to open a trading account online on Kotak Securities
- Visit the Kotak Securities website.
You can access it from here. - Fill in your details.
Such as your Name, Mobile Number and City. - Click on Open an account now
As seen below:
![kotak securities account open](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5OTkiIGhlaWdodD0iNzM3IiB2aWV3Qm94PSIwIDAgOTk5IDczNyI+PHJlY3Qgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgc3R5bGU9ImZpbGw6I2NmZDRkYjtmaWxsLW9wYWNpdHk6IDAuMTsiLz48L3N2Zz4=)
- A sales representative from Kotak Securities will contact you on your registered number.
They will take it from there.
![Kotak securities trading account](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMzAzIiBoZWlnaHQ9IjY2OSIgdmlld0JveD0iMCAwIDEzMDMgNjY5Ij48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- During the IPV there are documents required by the sales representative.
These include:
– Self-attested PAN copy;
– Self-attested Aadhaar copy;
– Passport size photo;
– Bank account details that are to be linked with the Demat account;
– And, the signature of the account holder will also be required. - Once these documents are verified your account will open.
You will receive a confirmation for the same.
Read More: Open a trading account online on ICICI Direct
Web Stories: Open a trading account online on ICICI Direct
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 24, 2024 | Income Tax
Important Keyword: F&O Trading, Trading Income.
Open a trading account online on ICICI Direct
You can open a trading account online with ICICI Direct. The transformation of stock markets from an open outcry system to an electronic system has made trading more efficient and accessible. A trading account functions as an investment account that electronically holds your cash or securities, allowing you to buy or sell these securities in the stock market. Stock traders use online trading platforms to trade various instruments such as shares, securities, commodities, and currencies.
For income tax purposes, earnings from activities like Equity Intraday, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading are classified as Business Income.
Steps to open a trading account online on ICICI Direct
- Visit the ICICI website.
Navigate to the website and fill your PAN, Date of Birth and Name on. Click on Next.
![icici create demat account](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMzMxIiBoZWlnaHQ9Ijc1MSIgdmlld0JveD0iMCAwIDEzMzEgNzUxIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Fill in your details.
Including:
-Email id
-Mobile no.
-Pincode
![icici details](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI3MDAiIGhlaWdodD0iNDY4IiB2aWV3Qm94PSIwIDAgNzAwIDQ2OCI+PHJlY3Qgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgc3R5bGU9ImZpbGw6I2NmZDRkYjtmaWxsLW9wYWNpdHk6IDAuMTsiLz48L3N2Zz4=)
- OTP Verification.
Enter the OTP that you receive on your registered mobile number. - Set a New Password.
Enter a new password.
![icicidirect set password](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI2OTkiIGhlaWdodD0iMzE0IiB2aWV3Qm94PSIwIDAgNjk5IDMxNCI+PHJlY3Qgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgc3R5bGU9ImZpbGw6I2NmZDRkYjtmaWxsLW9wYWNpdHk6IDAuMTsiLz48L3N2Zz4=)
- Link your bank account.
If you have an ICICI bank account just enter the account number. Click on Next.
![icici link bank](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxNTk0IiBoZWlnaHQ9IjcxMSIgdmlld0JveD0iMCAwIDE1OTQgNzExIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- In case you don’t have an ICICI Bank account. Click on Continue.
Give access of DigiLocker to ICICI direct by logging into your DigiLocker account.
![icici bank acc link](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMTg3IiBoZWlnaHQ9IjcwMSIgdmlld0JveD0iMCAwIDExODcgNzAxIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Complete your DigiLocker Verification.
Press Continue once you finish the verification.
![icici digi locker](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMjQ5IiBoZWlnaHQ9IjY2OSIgdmlld0JveD0iMCAwIDEyNDkgNjY5Ij48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Upload PAN and photo.
Fill in your personal and financial details. - Next you need to do an In-Person Verification (IPV) on webcam.
E-sign using Aadhaar. After that enter your Aadhaar number. - ICICI Direct Trading Account Login
After 24 hours. you can log in to your account.
![icicidirect login](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI3MDAiIGhlaWdodD0iNTA4IiB2aWV3Qm94PSIwIDAgNzAwIDUwOCI+PHJlY3Qgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgc3R5bGU9ImZpbGw6I2NmZDRkYjtmaWxsLW9wYWNpdHk6IDAuMTsiLz48L3N2Zz4=)
Read More: Kotak Securities: Download Holding Statement for Traders
Web Stories: Kotak Securities: Download Holding Statement for Traders
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 23, 2024 | Income Tax
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
- Visit the Axis Direct website
You can access it here. - Click on Open a new Account
Fill in your personal details such as:
-Mobile number
-Email id
-Name
-City - Click on Get OTP on mobile
As seen below:
![axis login](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMDQ1IiBoZWlnaHQ9IjY3OSIgdmlld0JveD0iMCAwIDEwNDUgNjc5Ij48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Fill your basic details
Click on Proceed to personal details.
![axis pan details](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMDkxIiBoZWlnaHQ9IjYzMyIgdmlld0JveD0iMCAwIDEwOTEgNjMzIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Fill in your personal details
Enter your PAN and DOB
![axis pan details](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMDk3IiBoZWlnaHQ9IjU5OSIgdmlld0JveD0iMCAwIDEwOTcgNTk5Ij48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Click on Proceed
Add your address and Confirm
![axis details](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5ODMiIGhlaWdodD0iNzIzIiB2aWV3Qm94PSIwIDAgOTgzIDcyMyI+PHJlY3Qgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgc3R5bGU9ImZpbGw6I2NmZDRkYjtmaWxsLW9wYWNpdHk6IDAuMTsiLz48L3N2Zz4=)
- Fill Your Details in Personal Details
Fill all compulsory details
![axis personal details B](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMDI5IiBoZWlnaHQ9IjY5MSIgdmlld0JveD0iMCAwIDEwMjkgNjkxIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- You need to add a few more additional details
Add the details and click on Proceed to Bank Details
![axis personal details BB](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI4NTEiIGhlaWdodD0iNzQ1IiB2aWV3Qm94PSIwIDAgODUxIDc0NSI+PHJlY3Qgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgc3R5bGU9ImZpbGw6I2NmZDRkYjtmaWxsLW9wYWNpdHk6IDAuMTsiLz48L3N2Zz4=)
- Fill in your Bank Details
-Bank name
-Bank account number
-IFSC Code
-Confirm bank account number
Click on Proceed.
![Axis bank details](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMDA3IiBoZWlnaHQ9IjY0MSIgdmlld0JveD0iMCAwIDEwMDcgNjQxIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Choose an Axis Direct plan
As per your requirement, select the necessary segments that you want to trade-in
![Axis direct plans](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMDQ3IiBoZWlnaHQ9IjY4NyIgdmlld0JveD0iMCAwIDEwNDcgNjg3Ij48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- . Click on Make Payment
And continue
![axis payment](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5NDMiIGhlaWdodD0iNzMzIiB2aWV3Qm94PSIwIDAgOTQzIDczMyI+PHJlY3Qgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgc3R5bGU9ImZpbGw6I2NmZDRkYjtmaWxsLW9wYWNpdHk6IDAuMTsiLz48L3N2Zz4=)
- Choose the payment method
And make the payment - Upload all the required documents.
E-sign using Aadhaar. Enter your Aadhaar number and click on send OTP.
![aadhaar esign otp](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxNTkxIiBoZWlnaHQ9IjY0MSIgdmlld0JveD0iMCAwIDE1OTEgNjQxIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Enter your OTP
Click on verify OTP
![verify otp angel broking](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxNTg3IiBoZWlnaHQ9IjY3MyIgdmlld0JveD0iMCAwIDE1ODcgNjczIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- A Power of Attorney (POA) Document will be sent to your email address
Click on Finish
![axis direct power of attorney](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMTc5IiBoZWlnaHQ9IjY4MSIgdmlld0JveD0iMCAwIDExNzkgNjgxIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Sign your POA documents
Courier it to the respective address - Your Demat account will be activated after you send your POA documents
The process is complete
Read More: Kotak Securities: Download Holding Statement for Traders
Web Stories: Kotak Securities: Download Holding Statement for Traders
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 23, 2024 | Income Tax
Important keyword: F&O Trading, P&L Statement, Speculative Income, Trading Income.
Download Ledger from Kotak Securities
Kotak Securities allows you to download your Tradebook or Ledger from their trading portal. A Ledger or Tradebook contains all the transactions made in the stock market from a trading account. This includes all segments such as Equity, Futures, Options, etc. A trading ledger is essentially the same as a Tradebook. These ledgers are also used to prepare a Profit & Loss statement for income tax purposes on trading activities for a specific financial year.
Steps to download the Ledger
- Log in to your Kotak Securities portal
You can do it from here.
![login to Kotak securities](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMTkzIiBoZWlnaHQ9IjY1MyIgdmlld0JveD0iMCAwIDExOTMgNjUzIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Go to Services
Next, click on Account services
![kotak securities account services](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxNTk3IiBoZWlnaHQ9Ijc1MyIgdmlld0JveD0iMCAwIDE1OTcgNzUzIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Click on View my ledger
From the Options
![kotak securities ledger](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI4OTMiIGhlaWdodD0iNDg5IiB2aWV3Qm94PSIwIDAgODkzIDQ4OSI+PHJlY3Qgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgc3R5bGU9ImZpbGw6I2NmZDRkYjtmaWxsLW9wYWNpdHk6IDAuMTsiLz48L3N2Zz4=)
- Select the necessary filters and Click on Go
Click on NSE for details
![kotak ledger entries](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxMDQ3IiBoZWlnaHQ9IjY4MyIgdmlld0JveD0iMCAwIDEwNDcgNjgzIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- You can now view your Ledger Entries
From here.
Read More: Open a trading account online on Sharekhan
Web Stories: Open a trading account online on Sharekhan
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 23, 2024 | Income Tax
Important Keyword: F&O Trading, Intraday, Sharekhan, Speculative Income, Trading Income.
Open a trading account online on Sharekhan
You can open a Sharekhan account completely online. Stock markets have recently transitioned from an open outcry system to an electronic system. A trading account serves as an investment account that holds your cash or securities electronically and allows you to buy or sell these securities in the stock market. Stock traders use online trading platforms to trade various instruments such as shares, securities, commodities, and currencies. For income tax purposes, earnings from Equity Intraday, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading are considered Business Income.
Steps to open a trading account online on Sharekhan
- Visit the website
Click on Open an account.
You can access it here.
![sharekhan open account](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxNTY5IiBoZWlnaHQ9IjcwMSIgdmlld0JveD0iMCAwIDE1NjkgNzAxIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Click on Open trading account
As seen below:
![sharekhan open trading account](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxNTk1IiBoZWlnaHQ9IjczNyIgdmlld0JveD0iMCAwIDE1OTUgNzM3Ij48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- After that, fill in your details
Including:
-Name
-Email id
-Mobile number
-Location
-Pincode - Next, click on Open trading account
As seen below:
![sharekhan account details](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxNTgzIiBoZWlnaHQ9Ijc1MyIgdmlld0JveD0iMCAwIDE1ODMgNzUzIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- Online process of account opening is completed
Finally, the process is offline from here.
![thank you sharekhan](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIxNTc5IiBoZWlnaHQ9IjcwMyIgdmlld0JveD0iMCAwIDE1NzkgNzAzIj48cmVjdCB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzdHlsZT0iZmlsbDojY2ZkNGRiO2ZpbGwtb3BhY2l0eTogMC4xOyIvPjwvc3ZnPg==)
- A sales representative will shortly contact you
After that, will require documents such as:
-Self-attested PAN
-Self-attested Aadhaar
-Passport size photo
-Canceled cheque or bank passbook to link with your account - Finally, once your documents get processed, your account will get activated.
You will receive a notification for the same.
Read More: Open a trading account online on Motilal Oswal
Web Stories: Open a trading account online on Motilal Oswal
Official Income Tax Return filing website: https://incometaxindia.gov.in/