To understand your trading activity and the income tax compliances, you need certain documents like Tax P&L, Ledger, Holding Statement, etc. But, before you get any of these documents you first need to have a Kotak Securities Account and log in.
This article will guide you through the following:
Here’s how you can open a trading account online with Kotak Securities by following these steps:
You can access it from here.
Such as your Name, Mobile Number and City.
As seen below:
They will take it from there.
– 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.
You will receive a confirmation for the same.
Once your account is activated you can navigate to the website and log in
Here’s how you can download the Holding Statement from your account:
This statement represents your trading profits and losses and is used to calculate your Tax liability. Therefore, it is needed to file an ITR 3.
Demat accounts hold securities and certificates of stocks, shares, etc electronically while a Trading account lets you buy or sell those securities in the stock market.
Yes. An Individual can have as many trading accounts as they want. Additionally, you can link the same bank account with different trading accounts. However, you can’t have multiple accounts linked with the same broker.