Upstox : Login, Reset Password, Download Tax P&L, Contract Note, Ledger

To understand your trading activity and for its income tax compliance, you need documents like Tax P&L, Contract Note, Ledger / Account Statement. Before you get any of these documents you need to login to your Upstox pro account. In case you forgot your Upstox login password you can reset it.

This article will guide you to:

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How to Login to Upstox Pro Account?

Steps to login to your Upstox Pro trading account

  1. Visit Upstox Pro

    To login to your Upstox pro account, visit: https://pro.upstox.com

  2. Enter User ID and Password

    Your 6-digit Upstox User ID will be emailed to you when you open your Upstox trading account. Your password will be sent to you separately in the following email.

  3. Enter your Date of Birth

    Once you successfully enter your User ID and password, you will be asked to enter your Date of Birth as part of the two-step authentication.

  4. Successful Login to Upstox pro account

    After you have successfully completed the above steps, you will be logged into your upstox pro account.

ITR for Intraday and F&O Traders
CA Assisted Income Tax Return filing for Individuals and HUFs having income form Intraday Trading and F&O Trading.
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How to Reset Upstox Pro using Forgot Password?

If you forgot your 6 – 12 character Upstox pro password, you have an option to login to reset the password. After 3 consecutive failed attempts to login to your Upstox account, your account will be blocked. In order to unblock your account, you can log in reset your password using the forgot password link.
To Reset your Upstox pro password you will need:

  • PAN card Number (Permanent Account Number)
  • UCC ID / Client ID / User ID
  • Email Address

Enter your PAN, UCC ID and email in the forgot password window, your new Upstox Pro password will be emailed to you.

How to Download Tax Profit and Loss from Upstox Backoffice?

Upstox allows you to download your Profit and Loss Report online. It is the same as a Tax P&L report, and it is an essential document to calculate income tax on trading income.

Follow this step-by-step process to download Tax Profit and Loss statement from Upstox backoffice.

  • Step 1: Visit Upstox Back office portal from bo.upstox
Upstox Backoffice login
  • Step 2: Log in with your user id and your password (Your password will be your PAN in caps lock if you are logging in for the first time.)
  • Step 3: After logging into the Dashboard, go to bill > Profit/Loss
Upstox Dashboard
  • Step 4: Set the relevant filters for year and segments. Click on GO > Then click on Export to Excel.
Upstox Dashboard download Tax PnL
  • Step 5: Your P&L statement will be downloaded to your PC

Sample Upstox Tax Profit and Loss

Sample Tax P&L Upstox

How to Download Account Statement / Ledger from Upstox Backoffice?

Upstox allows you to download your Tradebook/Ledger from their trading portal. A Ledger/Tradebook contains all the transactions made in the stock market from a trading account.

Follow this step-by-step process to download your Upstox Ledger or Account statement.

  • Step 1: Visit Upstox Back office portal from bo.upstox
Upstox Backoffice Login
  • Step 2: Log in with your user id and your password (Your password will be your PAN in caps lock if you are logging in for the first time.)
  • Step 3: Navigate to Account > Ledger
Upstox Account > Ledger
  • Step 4: Select the year for which you want the ledger / account statement.
  • Step 5: Click on Export in Excel sheet to get your Upstox Ledger / Account statement.
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How to Download Contract Note from Upstox Backoffice?

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

Follow this step-by-step process to download the contract note from upstox backoffice.

  • Step 1: Visit Upstox Back office portal from bo.upstox
Upstox Backoffice Login
  • Step 2: Log in with your user id and your password (Your password will be your PAN in caps lock if you are logging in for the first time.)
  • Step 3: You will land on the homepage. Navigate to Download > Digital Sign option from the dashboard.
  • Step 4: Select File type option > Click on “CW-Contract Note” option from the drop-down list > click on the “Go” option
Upstox download Contract note

Sample Upstox Contract Note

Sample Upstox Contract Note
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FAQs

What are the documents required from my Upstox account to file Income Tax Return?

To file your ITR with the trading activity you need to provide Profit and Loss statement and Account Statement in your Upstox account.

Which document will have my Upstox Trading Turnover?

Trading Turnover will be used to determine your income tax audit applicability. You can find your Trading Turnover under the Tax Profit and Loss statement.

What is the duration I need to select to download documents from Upstox for ITR filing?

You will need the statements for the financial year in which you do the trading. The financial year begins on 1st April and ends on 31st March. It is the year in which you earn the income / undertake the financial activity like trading. For eg: if you are filing the ITR for FY 2019-20, you need statements from 1st April 2019 to 31st March 2020.

Is Trading Turnover same as Contract Turnover?

No. Contract Turnover is the sum of the purchase value and sales value. It is not applicable for income tax purposes. Trading Turnover or Business Turnover is the absolute profit i.e. sum of positive and negative differences. This turnover is to determine the applicability of the tax audit and the applicable ITR form. Therefore, Trading Turnover is different from Contract Turnover.

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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