Do I Need To Have A Source Of Income In Order To Trade In F & O?
To trade Futures & Options, Exchanges ask brokers to ensure that the client has some other source of Income/Networth. Hence if you want to trade these segments, you will be required to give Income proof or Networth Certificate.
It could be Form-16, IT acknowledgment copy, 6-month Bank statement, Stock Holding Statement, or the CA certifying your networth. This is a mandatory document for trading Derivatives today.