by Shakshi Bharti | Jun 28, 2024 | Income Tax
Important Keyword: F&O Trading, ITR-3, P&L Statement, Trading Income.
Download Tax Profit and Loss report from Upstox
Upstox provides an option to download your Profit and Loss (P&L) Report online, which is crucial for calculating income tax on trading profits. This report, similar to a Tax P&L statement, is essential for tax purposes. Traders also receive a “Trading Statement,” listing all transactions made across various segments over a specific period. This statement includes details such as:
- Date
- Time
- Script Name
- Purchase Price
- Sale Price
- Segment
- Quantity
These details help determine the tax liability.
Steps to download Tax Profit and Loss report from Upstox
Follow these steps to download your Upstox Tax P&L
- Visit Upstox
- Login with your Upstox credentials
Enter the registered mobile number, OTP and 6-digit PIN
- Navigate to your Profile icon
Click on Reports & Corporate Actions
- Navigate to Reports
Click on Profit and Loss
- Navigate to Tax
Select the Financial Year and click on Download report
- An Excel sheet will be downloaded into your system
You can access this file from “downloads” on your PC
Read More: Download Contract Note for Traders from Zerodha
Web Stories: Download Contract Note for Traders from Zerodha
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 28, 2024 | Income Tax
Important Keyword: F&O Trading, Intraday, ITR-3.
Open a trading account on Zerodha
Opening a Zerodha account is now entirely online. In recent years, stock markets have shifted from open outcry systems to electronic platforms, revolutionizing trading. A trading account functions as an investment account where your cash and securities are held electronically. It allows you to buy and sell various instruments such as shares, securities, commodities, and currency through online trading platforms.
For Income Tax purposes, trading income from different sources like Equity, Intraday trading, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading is treated as Business Income.
Steps to open a trading account on Zerodha
- Visit Zerodha platform
You can do it from here.
- Enter your mobile number
You will get an OTP on it. Enter the OTP.
- Enter your PAN number and Birthdate as per PAN
Check the tick box. Click on Continue
- Click on all the markets i.e commodity, equity, currency, F&O etc. that you want to deal in.
After that you will be led to payment.
- You will be asked to pay the account opening fees. Click on Pay & Continue.
You can only continue ahead after the payment.
- Lastly, you will be asked to upload your documents i.e. Aadhar and e-sign Aadhar online.
You can also print the documents and courier them.
- Finally, if your documents are valid your account opening request will be successful.
After that you will receive the account opening notification
Read More: Download Contract Note for ICICI Direct Traders
Web Stories: Download Contract Note for ICICI Direct Traders
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 28, 2024 | Income Tax
Important Keyword: F&O Trading, ITR-3, P&L Statement, Trading Income.
Download Tax Profit and Loss report Sharekhan
Sharekhan offers an online option to download your Profit and Loss (P&L) Report, which is crucial for calculating taxes on your trading income. This report is equivalent to a Tax P&L statement and provides a comprehensive overview of your trading activities. Traders also receive a “Trading Statement” that lists all the transactions made within a specific period across various segments. The Trading Statement includes details such as:
- Date
- Time
- Script Name
- Purchase Price
- Sale Price
- Segment
- Quantity
These details are essential for determining your tax liability.
Steps to download Profit and Loss Report from Sharekhan
- Log in to Sharekhan portal
Access the Sharekhan portal and login to your account.
- Search for Scrip summary
Do this from the search bar. You can view scrip summary separately for all the segments i.e Equity or F&O.
- Now you can now view your Scrip summary
From the dashboard
- Click on the Excel sheet
Click on download your scrip summary
Read More: Download Ledger from Sharekhan
Web Stories: Download Ledger from Sharekhan
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 26, 2024 | Income Tax
Important Keyword: F&O Trading, ITR-3, Trading Income.
Download tradebook from Zerodha
It allows you to download your Tradebook or Ledger from their trading portal. A Tradebook or Ledger contains all the transactions made in the stock market from a trading account, covering all segments such as Equity, Futures, Options, and more. Essentially, a trading ledger is the same as a Tradebook. These ledgers are also used to prepare a Profit & Loss statement for a particular financial year, which is necessary for filing income tax from trading activities.
Steps to download the Ledger/Tradebook from Zerodha
- Visit Console
You can do it from here
- Log in with your Kite credentials.
Enter the user name and password
- Go to Reports
Select Tradebook
- Select the necessary filters
Click on View
- Your transaction details will be shown
On the screen
- Click on Download XLSX | CSV
To download your trade book
- An excel sheet will be downloaded in your PC
This is how your trade book will look
Read More: Download Ledger from Sharekhan
Web Stories: Download Ledger from Sharekhan
Official Income Tax Return filing website: https://incometaxindia.gov.in/
by Shakshi Bharti | Jun 26, 2024 | Income Tax
Important Keyword: F&O Trading, ITR-3, P&L Statement, Trading Income.
Download Ledger from Sharekhan
It allows you to download your Tradebook or Ledger from their trading portal. A Tradebook or Ledger contains all the transactions made in the stock market from a trading account, covering all segments such as Equity, Futures, Options, and more. Essentially, a trading ledger is the same as a Tradebook. These ledgers are also used to prepare a Profit & Loss statement for a particular financial year, which is necessary for filing income tax from trading activities.
Steps to download Ledger from Sharekhan
- Login to portal
You can do it from here.
- Click on Reports.
From the Dashboard
- Select the ledger of any segment that you want to view
Eg: Equity Ledger Summary
- Click on Equity Ledger Summary
From the options
- Select the necessary filters. Click on Show.
You can now view your Ledger summary.
- Click on the excel sheet to download the ledger.
You can view it from your PC
Read More: Download Ledger from Motilal Oswal
Web Stories: Download Ledger from Motilal Oswal
Official Income Tax Return filing website: https://incometaxindia.gov.in/
