For traders with Motilal Oswal, understanding how to file their Income Tax Return (ITR) is crucial, especially when income arises from trading in equity, mutual funds, or derivatives. Motilal Oswal provides a detailed Tax P&L Report summarizing all trading activities conducted throughout the financial year.

As a trader using Upstox, your journey in filing your Income Tax Return (ITR) revolves around the comprehensive Tax P&L Report provided by the platform.

The trader can ascertain which ITR form to file based on the types of trading income reported in the Tax P&L Report. Generally, income from equity, mutual funds, and derivatives is considered business income.