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.
- Fill in your details.
Including:
-Email id
-Mobile no.
-Pincode
- OTP Verification.
Enter the OTP that you receive on your registered mobile number. - Set a New Password.
Enter a new password.
- Link your bank account.
If you have an ICICI bank account just enter the account number. Click on Next.
- 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.
- Complete your DigiLocker Verification.
Press Continue once you finish the verification.
- 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.
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:
- Fill your basic details
Click on Proceed to personal details.
- Fill in your personal details
Enter your PAN and DOB
- Click on Proceed
Add your address and Confirm
- Fill Your Details in Personal Details
Fill all compulsory details
- You need to add a few more additional details
Add the details and click on Proceed to Bank Details
- Fill in your Bank Details
-Bank name
-Bank account number
-IFSC Code
-Confirm bank account number
Click on Proceed.
- Choose an Axis Direct plan
As per your requirement, select the necessary segments that you want to trade-in
- . Click on Make Payment
And continue
- 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.
- Enter your OTP
Click on verify OTP
- A Power of Attorney (POA) Document will be sent to your email address
Click on Finish
- 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.
- Go to Services
Next, click on Account services
- Click on View my ledger
From the Options
- Select the necessary filters and Click on Go
Click on NSE for details
- 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.
- 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/
