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Axis Direct: Register, Login, Download Holding Statement, Tax P&L Report and Ledger

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Mariya

Axis Direct
Axis Direct Ledger
Axis Direct Login
Axis Direct Registration
Axis Direct Tax P&L
Last updated on April 15th, 2021

To understand your trading activity and for its income tax compliance, you need documents like Tax P&L, Contract Note, Ledger / Account Statement. However, before you get any of these documents you need to create your Axis Direct Account and log in.

This article will guide you through the following:

How to Register and Login to Axis Direct?

Axis Direct Trading Account can be opened easily online by following these steps:

  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:axis login

  4. Fill your basic details

    Click on Proceed to personal details.axis pan details

  5. Fill in your personal details

    Enter your PAN and Date Of Birth
    axis pan details

  6. Click on Proceed

    Add your address and ‘Confirm
    axis details

  7. Next, fill Your Details in Personal Details

    axis personal details B

  8. You need to add a few more additional details

    Add the details and click on ‘Proceed to Bank Details
    axis personal details BB

  9. Fill in your Bank Details

    -Bank name
    -Bank account number
    -IFSC Code
    -Confirm bank account number
    Click on ‘ProceedAxis bank details

  10. Choose an Axis Direct plan

    As per your requirement, select the necessary segments that you want to trade-inAxis direct plans

  11. . Click on Make Payment

    axis payment

  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.aadhaar esign otp

  14. Enter your OTP

    Click on verify OTPverify otp angel broking

  15. A Power of Attorney (POA) Document will be sent to your email address

    Click on Finishaxis direct power of attorney

  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

ITR for Intraday and F&O Traders
CA Assisted Income Tax Return filing for Individuals and HUFs having income form Intraday Trading and F&O Trading.
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ITR for Intraday and F&O Traders
CA Assisted Income Tax Return filing for Individuals and HUFs having income form Intraday Trading and F&O Trading.
[Rated 4.8 stars by customers like you]

How to download Tax Profit and Loss Report?

A Tax Profit & Loss Report is essential to calculate taxes on trading income. This report has details such as Date, Time, Script Name, Purchase price, Sale price, Segment and Quantity that help determine the Income Tax on Trading.

  1. Log into your Axis Direct Account
  2. Next, select ‘Portfolio‘ from your dashboard, under Equity and Derivativesaxis direct equity and derivatives
  3. Select ‘Portfolio‘ again once the Portfolio Summary site opensaxis direct portfolio
  4. Now, select ‘Reports‘ and choose ‘P&L statementaxis direct p&l
  5. Select necessary filters and click on ‘Goaxis direct p&l statement
  6. Then, scroll down and click on the PDF or Excel button to download the P&L statementaxis direct download p&l
  7. Finally, the statement will be downloaded to your device
Import Your Trades
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India’s fastest growing Tax Filing Platform

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Open Your Account Today

File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

How to download Ledger for Axis Direct traders?

Axis Direct sends a contract note for all transactions executed on the stock exchange to the respective trader. However, you can download it from their portal as well.

  1. Visit the Axis Direct portal and login to your account 
  2. Next, click on ‘My Reports‘ from the top ribbon
  3. Then, click onLedger’ from the drop-down list
  4. Enter the from and to dates in respective boxes and click on the ‘View Report‘ option
  5. Finally, click on the ‘Contract Note Number‘ to view the report
Income Tax Calculator
Calculate income tax liability for FY 2020-21. Compare tax liability as per New vs Old Tax Regime.
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Income Tax Calculator
Calculate income tax liability for FY 2020-21. Compare tax liability as per New vs Old Tax Regime.
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Are you an Equity, Intraday, F&O or Commodities Trader? Upload your Tax P&L and file Tax Return online
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FAQs

Is Trading Turnover same as Contract Turnover?

No. The Contract Turnover is the sum of the purchase value and sales value. It is not considered for income tax purposes. However, the Trading Turnover or Business Turnover is the absolute profit i.e. sum of positive and negative differences. Hence, this turnover is considered to determine the applicability of the tax audit and the applicable ITR form. Therefore, Trading Turnover is different from Contract Turnover.

How does the Tax profit and Loss Statement help me?

This statement is used to calculate your Tax liability. Therefore, it is needed to file ITR 3.

What is the difference between Trading and Demat account?

A Demat account holds securities and certificates of stocks, shares, etc electronically while a Trading account lets you buy or sell those securities in the stock market.

Got Questions? Ask Away!

  1. Hey @TeamQuicko

    Thanks for the blog! Just one quick question - Why do we have to report a quarterly breakdown of Dividend Income under IFOS?

    Thank you!

  2. I had received dividend recently but I had noticed that TDS had been deducted. any idea as to why has it happened and is there a way I can claim this TDS?

  3. Hey @HarshitShah

    After the introduction of Budget 2020, dividend income is now taxable in the hands of the shareholder; and is also subject to TDS at 10% in excess of INR 5000 u/s 194 & 194K. Foreign Dividend is taxable at slab rates. TDS is not applicable to such dividends. The taxpayer should report such income under the head IFOS in the ITR filed on the Income Tax Website.

    Hope this helps!

  4. Hi @ameyj

    The amount of TDS deducted shall reflect in your Form 26AS only and it will also reflect the name of the deductor.
    Using the name of the deductor you can find out on which share you have received the dividend and you can also cross-check the same in your bank statement.

    Yes, you are right, TDS is to be deducted when the dividend paid exceeds 5000 INR in a financial year. However, the 5,000 INR limit pertains to all the dividends an individual gets in a year, or the total dividend per shareholder that a company pays out in a year, is left to interpretation, and hence registrars and share transfer agents (RTA) are not taking any chances and are deducting TDS even on small amounts.

    Hope this helps :slightly_smiling_face:

  5. Hi @TeamQuicko

    Consider that I have 10 shares each of 10 different Indian companies. Each of the 10 companies are declaring a dividend of INR 100 before the FY ends. Now I will be recieving 1000 as dividend from each company, thereby a total of 10,000.

    The 5,000 dividend limit, is it applicable to each company / total dividend recieved by me in a year. If it is applicable to each company, then I would not attract TDS of 10% for dividend.

    Also pl clarify, how would the company B know that I have got shares of Company A,C,D,E so on…

  6. Hey @Abdul_Kaleem_shah

    As per sec.194 of income tax act, TDS liability will arise when the amount of such dividend or the aggregate of the amounts of such dividend distributed or paid or likely to be distributed or paid during the financial year by the company to the shareholder, exceeds 5000 Rs.

    Here, the term company not includes aggregate companies and hence limit of 5000 Rs. should be applicable to each company.

    Here, you can read below article covering TDS on dividend income:

    Since, it is purely based on interpretation and ambiguous as opinion vary from experts.

  7. Hey @TeamQuicko

    I tried to file ITR-3 via Quicko’s integration with Zerodha. While filing the ITR, I got an option to switch to the New Tax regime to save additional taxes.
    Since I had some turnover from intraday and FnO (speculative/ business), am I eligible to switch to the new regime through Quicko while filing?
    How do I fill the Form 10-IE? If I haven’t filled the form, would the portal preent me from filing returns altogether?
    Also, once I get rebate (if opted for new regime) / pay dues (if opted for old regime), do I need to go through the hassles of replicating it on the new ITR portal (i.e manually answering the schedule sections)?

    Kind regards

  8. Hi @ChinmayB,

    Yes, you can opt for the new tax regime. However, keep in mind in case a taxpayer has business income and they opt for the new tax regime, they can switch to the old tax regime only once.

    If you opt for the new tax regime, you need to file Form 10-IE before filing the ITR

    Here’s how you can file the Form 10-IE

    When filing your ITR through Quicko, you do not need to enter details on the new ITR portal, since Quicko is a ERI (e-return intermediary) registered with the Income Tax Department.

    Note: ITR filing will be enabled on Quicko in the coming week. So stay tuned for more exciting features!

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