Download Tax Profit and Loss report from Motilal Oswal

author portrait

Fatema Rasiwala

F&O Trading
Intraday
ITR-3
P&L Statement

Motilal Oswal allows you to download your Profit and Loss Report online. It is the same as a Tax P&L report, and it is an essential document to calculate taxes on trading income. Traders have a “Trading Statement” that consists of a list of transactions undertaken by the person in various segments during a specific period. It consists of details such as:

These details then help determine the Tax liability.

Steps to download Profit and Loss Report from Motilal Oswal

  1. Go to the Motilal Oswal Website

    You can access it here.

  2. Click on “Login to Trade

    From the WebsiteMO Web page

  3. Fill your Client code and password

    And then click on “Login to MO Investor.Motilal Oswal login Page

  4. Click on the bot named “Talk to MO genie.”

    On the bottom rightMO Genie

  5. Choose the option “Profit and Loss Statement.”

    Once the bot chat box opens upMO 1 chat box

  6. The bot will ask you to select an option

    You can select whichever Financial Year you wish to viewMO 2 chat bot

  7. Moving ahead, the bot will give you the start date and end date of that Financial Year you selected

    Apart from that, the bot will give you an option of “Email” which means that your P&L report will be emailed to your registered Email address.MO 3

  8. Select the preferred “Ledger Statement” option

    Choose this from the drop-down list.MO 4 chat bot

  9. Select the Ledger Statement for the preferred timeline

    Pick the time period from the options
    MO 5 select timeline

  10. Lastly, after putting in all the details, your P&L Report will be emailed to your registered email address

    Finally, you can go to your email and access itMO PL Statement

Income Tax on Trading
Read about income tax for Investors and Traders. Learn to about trading turnover, tax audit, tax rates, ITR Form, Due Date, set-off & carry forward loss, advance tax, etc
Read More
Income Tax on Trading
Read about income tax for Investors and Traders. Learn to about trading turnover, tax audit, tax rates, ITR Form, Due Date, set-off & carry forward loss, advance tax, etc
Read More

FAQs

Is tax audit compulsory for F&O loss?

Tax Audit is required when the turnover of a taxpayer exceeds Rs. 1 cr in a particular Financial year. It is also applicable if the net profit from such transactions is less than 6% / 8% of the turnover. Additionally, a tax Audit report can only be filed by a CA.

Is Trading Turnover same as Contract Turnover?

No. Contract Turnover is the sum of the purchase value and sales value. It is not applicable for income tax purposes. Trading Turnover or Business Turnover is the absolute profit i.e. sum of positive and negative differences. This turnover is to determine the applicability of the tax audit and the applicable ITR form. Therefore, Trading Turnover is different from Contract Turnover.

How does the Tax profit and Loss Statement help me?

This statement is used to calculate your Tax liability. Therefore, it is needed to file ITR 3.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Close Bitnami banner
    Bitnami