Download Tax Profit and Loss report from Upstox

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Fatema Rasiwala

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

Upstox 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 income tax 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:

  1. Date
  2. Time
  3. Script Name
  4. Purchase price
  5. Sale price
  6. Segment
  7. Quantity, etc.

These details then help determine the Tax liability.

Invested in Equity or Mutual Funds?
Need to file your ITR? Let us help you out!
[Rated 4.8 stars by customers like you]
Invested in Equity or Mutual Funds?
Need to file your ITR? Let us help you out!
[Rated 4.8 stars by customers like you]

Steps to download Tax Profit and Loss report from Upstox

  1. Visit Upstox platform

    Using the link inserted here

  2. 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.login to upstox

  3. Go to Bill > Profit/Loss

    After logging into the DashboardBill upstox

  4. Set the relevant filters

    Click on GO. Then click on Export to Excel.Profit and loss statement upstox

  5. Your P&L statement will be downloaded to your PC

    You can access it from there.

Import Your Trades
File ITR Online

India’s fastest growing Tax Filing Platform

[Rated 4.8 stars by customers like you]

Import Your Trades

File ITR Online

India’s fastest growing Tax Filing Platform

[Rated 4.8 stars by customers like you]

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.

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