Sqrrl Fintech is the Best Mutual Fund App that helps you to invest in Mutual Funds. You can invest, download statements and withdraw by login into your Sqrrl Account.
This article will guide you on:
- How to create a Sqrrl Account?
- How to Login to your Sqrrl Account?
- How to Reset Sqrrl Account Password using Forgot Password?
- How to download Capital Gain Tax Statement from Sqrrl?
- How to download Mutual Fund Statements from Sqrrl?
- How to Withdraw from your Sqrrl Account?
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
How to create a Sqrrl Account?
You will need the following documents to open an account on Sqrrl:
1. PAN Card
2. Address Proof
3. Bank Information (Account Number and IFSC Code
4. Scanned Signature Copy
5. Cancelled Cheque Copy in case, a Re. 1 transaction fails
Refer to the following steps in order to register at Sqrrl:
- Step 1: Navigate to the Sqrrl Sign up page.
https://sqrrl.in/
- Step 2: Either Enter your Mobile Number or Login with Google.
- Step 3: Confirm you Mobile Number and enter the OTP you received on your registered mobile number.
- Step 4: Fill out all your Personal Details
- Step 5: You have now reached Sqrrl’s Investment Dashboard
- Step 6: Click on “Setup My Account” and fill out your PAN and Bank details and your account will be created.
How to Login to your Sqrrl Account?
Refer to the following steps in order to log-in to your Sqrrl account:
- Visit the Sqrrl Login page.
Navigate to Sqrrl Log-in page https://sqrrl.in/ .
- Sqrrl Homepage
Once you set up your account, login using your saved fingerprint (mobile phone) or your unique code. You will be directed to your Sqrrl account.
- Explore Plans
Once you login, you can start investing on Sqrrl.
How to Reset Sqrrl Account Password using Forgot Password?
Refer to the following steps in order to reset your Sqrrl account password:
- Step 1: Navigate to the Sqrrl Login. https://sqrrl.in/
- Step 2: Once you enter a wrong code, you’ll get the option with ‘Forgot your password’ link.
- Step 3: Enter your registered mobile number and you will receive an OTP on the same mobile number.
- Step 4: Click and set a new password.
How to download Capital Gain Tax Statement from Sqrrl?
- Step 1: Login to your Sqrrl account: https://sqrrl.in/
- Step 2: After you login, scroll down on “More Ways to Invest” and click on “Request” Capital Gains Statement.
- Step 3: You’ll now be redirected to a new page. Click on “agree” to the terms there.
- Step 4: Then click on Realised Gains Statement.
- Step 5: You will find an option to download the statement or receive it in an email.
How to download Mutual Fund Statements from Sqrrl?
You can get your Sqrrl 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.
Option 2: KARVY
- Step 1: KARVY Online
Visit the KARVY investor mailback service for the capital gains website.
- Step 2: After KARVY Login
After logging in, scroll down and click on the Investor Service tab. - Step 3: Capital Gain Mail Option
Moreover, click on the capital gain by mail option.
- Step 4: Enter the required details
Enter the e-mail ID registered in your investment folios.
Password – This is the password for opening the attachment. You can set it to anything you want.
Choose 1st April 2018 from the date picker and for To Date chooses 31st March 2019 to get the Capital Gains statement for the previous Financial Year.
How to Withdraw from your Sqrrl Account?
- Step 1: Login to your Sqrrl account. https://sqrrl.in/
- Step 2: Click on ‘More Ways to Invest’ and choose the offering from which you wish to withdraw.
- Step 3: Click on the rupee symbol “₹” & select ‘withdraw’.
- Step 5: Enter the amount you want to withdraw & click next.
- Step 6: Select the fund and confirm your withdrawal amount.
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
1. PAN Card
2. Address Proof
3. Bank Information (Account No and IFSC code)
4. Scanned Signature Copy
5. Cancelled Cheque Copy in case, a Re.1 transaction fails.
You may need all or some of them depending upon your status and regulatory requirements.
No, there are zero Set-up Fees/ Subscription Charges / Transaction charges that you need to incur while investing through Sqrrl.
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?