Upstox 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 Income Tax on trading of a particular Financial Year.
Steps to download the Ledger from Upstox
- Visit Upstox platform
Use this link to login
- Log in with your user id and your password
Your password will be your PAN in caps lock if you are logging in for the first time.
- Go to Account
- Select the necessary filters
Click on Go
- Result will appear
Click on Export in Excel sheet
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 Upstox, Log in to the portal. Go to Bill > Profit & Loss. Click on go and then download it.