Motilal Oswal allows you to download your holding statement in order to understand your investment transactions. Holding Statements include the contents of an investment portfolio held by an individual or entity. Therefore, these statements include information about Mutual Fund or a Pension Fund. Portfolio holdings also include investment products like stocks, bonds and mutual funds, F&O, exchange-traded funds (ETFs), etc.
Steps to Download Holding Statements for Motilal Oswal Traders
- Visit the Motilal Oswal portal
Log in using valid credentials
- Click on the Reports
Choose the Demat Holdings option from the dashboard.
Once you download your statement from here, you can use it view a comprehensive list of your holdings. It can be downloaded as XML/PDF for the date range of your choice.
Tax Audit is required when the turnover of a taxpayer exceeds Rs. 1 cr in a particular Financial year or if the net profit from such transactions is less than 6% / 8% of the turnover. Filing Tax Audit report is compulsory in order to file ITR. The tax Audit report can only be filed by a CA.
When an order is placed in the stock market, the details of the order, quantity of the order, price of the order and its unique order number are recorded in the order book. While when an order is executed in the stock market, its execution status and trade number get recorded in the trade book.
Most of the time, orders get executed immediately, therefore, order book and trade book reflects the same.
No. Trading Turnover is different than Contract Turnover. Contract Turnover is the sum of the purchase value and sales value. It is not considered for income tax purposes. Trading Turnover or Business Turnover is the absolute profit i.e. sum of positive and negative differences. This turnover is considered to determine the applicability of the tax audit and the applicable ITR form.