Open a Trading Account online on Upstox

You can open a Trading Account online on Upstox. Recently, stock markets are transformed from an open outcry system to an Electronic system. Trading accounts acts as an investment account that holds your cash or securities electronically and also lets you buy or sell those securities in the stock market. Stock Traders trade many instruments, for example, shares, securities, commodities, and currency through online trading platforms. Income from trading in Equity Intraday, Equity F&O, Commodity Trading, and Currency Trading is considered as a Business Income.

Want to invest in Equity?
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Want to invest in Equity?
Need help filing your ITR? Don't worry, we can help you!
[Rated 4.8 stars by customers like you]

Steps to open a Trading Account online on Upstox

  1. Visit Upstox website

    Firstly, click on Open a free Demat account.

  2. Fill your email and phone number

    Click on Process.

  3. Fill your PAN number and Birthdate as per PAN

    Click on Next.

  4. Select from options given below

    You can choose the option as per your requirement.

  5. Check the tickbox

    Click on Next.

  6. Select the segments you want to trade-in

    Mention coupon code if any or click on Next.

  7. Enter your bank details.

    Click on Next.

  8. Upload your digital signature.

    You can also submit your income proof (Optional). Click on Next.

  9. Upload Aadhaar document in two parts- front and back

    Manually fill the details on the right as per Aadhaar. Click on Next.

  10. Upload your digital PAN copy and Passport size photograph

    Click on Next.

  11. Choose a brokerage plan as per your need

    Click on Continue.

  12. Esign using Aadhaar Number.

    The mobile number has to be linked with Aadhaar. Click on Esign Now.

  13. You will receive an OTP on your mobile number linked with your Aadhaar

    Fill the OTP. Click on Submit.

  14. Sign Now

    Click on the option to Sign

  15. You will be redirected to the NSDL portal

    Fill your Aadhaar number. You will receive an OTP. Fill the OTP. Click on Verify OTP.

  16. Upload your In Person Verification (IPV) video

    Click on Next.

  17. After your IPV video is uploaded

    Click on Next.

  18. Finally, the process is now complete

    You will get the user id and password when your account gets activated.

Import Your Trades
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Import Your Trades

File ITR Online

India’s fastest growing Tax Filing Platform

[Rated 4.8 stars by customers like you]

FAQs

What is the difference between Trading and Demat account?

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

Can I have 2 trading accounts?

Yes. An Individual can have as many trading accounts as they want. You can link the same bank account with different trading accounts. However, you can’t have multiple accounts linked with the same broker.

What is 3 in 1 account?

3 in 1 account refers to as an Individual opening a Bank account, Demat account and Trading account simultaneously with the same bank.

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

  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 @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

  7. 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!

  8. Thank you, @Nireka
    Will wait diligently for the new ITR updates
    All my queries have been addressed. Looking forward to using and recommending Quicko to friends and family.

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