Scripbox is an Indian Financial Company that allows investors to invest online in mutual funds. You can invest, download statements and withdraw by login into your Scripbox Account.
This article will guide you on:
- How to create a Scripbox Account?
- How to Login to your Scripbox Account?
- How to Reset Scripbox Account Password using Forgot Password?
- How to download Capital Gain Tax Statement from Scripbox?
- How to download Mutual Fund Statements from Scripbox?
- How to Withdraw from your Scripbox Account?
File Your Tax Return
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File Your Tax Return
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Open Your Account Today
How to create a Scripbox Account?
Refer to the following steps in order to register at Scripbox:
- Step 1: Navigate to the Scripbox Sign up page. https://scripbox.com/user/login?ref=top-nav-signup
- Step 2: Type in your full name, contact details, create a password and click on ‘Sign Up’.
- Step 3: Now fill out your basic Investor Information and click on ‘Next’.
- Step 4: Link your bank account by adding details such as your bank account number and IFSC code.
- Step 5: Add Nominee details.
- Step 6: Lastly, fill in few personal details and press on ‘Next’ to create your account.
How to Login to your Scripbox Account?
Refer to the following steps in order to log-in to your Scripbox account:
- Visit the Scripbox Login page.
Navigate to Scripbox Log-in page.
- Scripbox Homepage
Once you login, you will be directed to the Scripbox Homepage.
- Explore Plans
You can start investing by clicking on ‘Explore Plans’.
How to Reset Scripbox Account Password using Forgot Password?
Refer to the following steps in order to reset your Scripbox account password:
- Step 1: Navigate to the Scripbox Login.
- Step 2: Click on the ‘Forgot your password’ link.
- Step 3: Enter your registered email ID and once you click on ‘Submit’, an email will be sent to you.
- Step 4: Click on the link in your inbox and set a new password.
How to download Capital Gain Tax Statement from Scripbox?
- Step 1: Login to your Scripbox account.
- Step 2: Select Account statement.
- Step 3: Now choose the Capital Gains option.
- Step 4: Then click on Realised Capital Gains.
- Step 5: You will find an option to download the statement or receive it in an email.
How to download Mutual Fund Statements from Scripbox?
You can get your Scripbox Mutual Fund Statements from Cams or Karvy.
- Option 1: Cams
- Step1: Visit Cams Online website
- Step 2: Select the Statement Type, Date and Portfolio Listing.
- Step 3: You will receive the statement on your registered email address within 1-2 working hours.
How to Withdraw from your Scripbox Account?
- Step 1: Login to your Scripbox account.
- Step 2: Click on ‘Invest More’ and choose the offering from which you wish to withdraw.
- Step 3: Navigate to ‘other actions’ & select ‘withdraw’.
- Step 4: You can choose the option ‘continue with the same Bank’.
- Step 5: Enter the amount you want to withdraw & click next.
- Step 6: Select the fund and confirm your withdrawal amount.
- Step 7: Press on ‘confirm withdrawal’.
File Your Tax Return
On Time , Online on Quicko.com
Open Your Account Today
File Your Tax Return
On Time , Online on Quicko.com
Open Your Account Today
FAQs
Once you close your Scripbox account, you cannot re-activate it. You will have to create a new account on Scripbox in order to start investing again.
Yes, Mutual Fund Companies do have minimum requirements for withdrawal. If withdrawing by amount, you need to withdraw atleast Rs 1000. While, a minimum of 50 units is required when withdrawing by units.
Yes, Demat Account is not required for investing in Mutual Funds.
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!
Hey @TanyaChopra
This quarterly breakdown of Dividend Income under IFOS will help to calculate and determine penalty u/s 234C for the delay in payment of Advance Tax.
Hope this helps!
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?
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!
Hey @HarishMehta
Yes, dividend income is now taxable from FY 2021-22 onwards and it has to be reported under the head of IFOS.
You can read more about it here:
Hi @Maulik_Padh,
You need to pay Income tax on the net taxable income, i.e. after subtracting deductions, expenses, etc.
If the net taxable income is negative i.e. if there is loss, you can carry it forward when filing the ITR
Here are some of the articles which might help
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
Hi @ameyj
You can submit a grievance on Income Tax Portal mentioning the issue and also attach the 26AS.
The other option is to leave it as it is and clarify it when the tax department sends the notice.
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…
@Saad_C @Laxmi_Navlani @Divya_Singhvi @Kaushal_Soni @AkashJhaveri can you help with this?