Upstox sends its traders a contract note for all transactions executed on the stock exchange. You can now download Contract Note for Upstox Traders. Contract Note is a legal obligation of every stockbroker.
In conclusion, it is the confirmation of trade, done on a particular day on behalf of a client on a stock exchange. It is generally sent by End of day. Additionally, this document is available in a digitally signed electronic format. Moreover, to view the details of segment-wise profit and loss, the taxpayer can download the Tax P&L Statement from their Upstox portal.
Steps to Download Contract Note for Upstox Traders
- First You need to visit the Upstox Back-Office Portal.
You can do it from here.
- Enter the following details and click on the “Login” option:
Select the User-Type from the drop-down list
- You will land on the homepage post login
Click on the Download > Digital Sign option from the dashboard.
- Next, select the “File Type” option and
From here click on the “CW-Contract Note” option from the drop-down list and finally click on the “Go” option
Sample Contract Note from Upstox
The Upstox Contract Note contains details such as:
- Time of order placed
- Security name and codes
- Gross rate of the transactions (before deducting brokerage)
- Net rate of the transaction (after deducting brokerage)
- Cost(s) levied on the transaction
This Contract Note is sent every evening to the registered email ID.
A contract note is a legal record of any transaction carried out on a stock exchange through a stockbroker. It is the confirmation of trade done on a particular day on behalf of a client on a stock exchange.
Tax Audit is required when the turnover of a taxpayer exceeds Rs. 1 cr in a particular Financial year and if the net profit from such transactions is less than 6% of the turnover. Filing Tax Audit is compulsory in order to file ITR. Tax Audit can only be filed by a CA.