Motilal Oswal 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. Therefore, this applies to all the segments i.e Equity, Futures, Options, etc. Trading ledger is the same as a Tradebook. One also uses Ledgers to prepare a Profit & Loss statement for a particular Financial Year while filing Income Tax with Trading income.
Steps to Download the ledger from Motilal Oswal
- Log in to Motilal Oswal portal.
You can do it from here.
- Go to Reports
- You can view your Financial summary
You can do this segment wise
- Click on any ledger detail
A pop will be displayed disclosing further details.
- Click on PDF symbol to download the ledger
You can view it from there then.
Tax Audit is applicable if the turnover of a taxpayer exceeds Rs. 1 cr in a particular Financial year. It is also applicable if the net profit 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 is 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.
In order to download Tax P&L from Motilal Oswal, Log in to the portal. Select the Talk to MO Genie bot. Search for P&L Report there and download.