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.
- Click on Open trading account
As seen below:
- After that, fill in your details
Including:
-Name
-Email id
-Mobile number
-Location
-Pincode - Next, click on Open trading account
As seen below:
- Online process of account opening is completed
Finally, the process is offline from here.
- 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/
by Shakshi Bharti | Jun 22, 2024 | Income Tax
Important Keyword: F&O Trading, Motilal Oswal Trader, Speculative Income, Trading Income.
Open a trading account online on Motilal Oswal
You can now open a trading account online with Motilal Oswal. Stock markets have recently shifted from the traditional open outcry system to an electronic system. A trading account functions like an investment account, holding 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 Motilal Oswal
- Visit the Motilal Oswal website
You can also do it from here. - Fill in your details
The details are:
-Name
-Mobile number
-City
Click on Let’s begin.
- A pop up will come asking you for your email address
Submit your Email address for further communication. Click on Submit.
- Choose a Plan for as per your requirement
Check the tick box. Click on Next.
- Pay the account plan charges
Through your preferred payment mode
- After that, you will be required to upload your documents
This includes:
-One recent passport size photo
-Cancelled cheque/ bank statement/ passbook
-Driver’s licence/ electricity bill (not older than 2 months)
-PAN Card - Hence, the process is now complete.
A sales representative will contact you for account activation after verifying your documents.
Read More: Open a trading account online on HDFC Securities
Web Stories: Open a trading account online on HDFC Securities
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 22, 2024 | Income Tax
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
- Visit the HDFC Securities website.
On the website, fill in details like:
Name
Email
Mobile number
City - You will receive an OTP on that number
Enter the OTP. Click on Open my Account.
- A sales representative will shortly contact you for further process.
As seen below:
- 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 - Your account will become active once the documents get verified.
This may take 5-7 working days
Read More: How to File ITR for Zerodha?
Web Stories: How to File ITR for Zerodha?
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 22, 2024 | Income Tax
Important Keyword: F&O Trading, Speculative Income, Trading Income.
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/
by Shakshi Bharti | Jun 22, 2024 | Income Tax
Important Keyword: F&O Trading, P&L Statement, Speculative Income, Trading Income.
Download Tax Profit and Loss report from 5Paisa
At 5Paisa, traders can easily download their Profit and Loss (P&L) Report online, which serves as a vital document for calculating income tax on trading activities. Similar to a Tax P&L Report, this document consolidates all financial transactions undertaken by the trader across different segments during a specific period.
Components of the Trading Statement:
The Trading Statement provided by 5Paisa includes detailed information such as:
- Date: The date on which the transaction was executed.
- Time: The precise time at which the transaction occurred.
- Script Name: The name of the security or financial instrument traded (e.g., stock, commodity, currency pair).
- Purchase Price: The price at which the asset was bought.
- Sale Price: The price at which the asset was sold.
- Segment: Specifies the category of trading (e.g., Equity, Futures, Options).
- Quantity: The number of units or contracts bought or sold.
Steps to download Tax Profit and Loss Report from 5Paisa
Follow these steps to download your 5apisa Tax P&L
- Visit 5paisa
- Login with your 5paisa credentials
- Navigate to My Reports from the side nav
- Under Portfolio Reports click on Tax report
Select the segment, list of transactions, and financial year and click on the PDF or Excel button
Read More: Download ledger from 5 Paisa
Web Stories: Download ledger from 5 Paisa
Official Income Tax Return filing website: https://incometaxindia.gov.in/
