Zerodha 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:
- Date
- Time
- Script Name
- Purchase price
- Sale price
- Segment
- Quantity, etc.
These details then help determine the Tax liability.
Zerodha
Trader
Zerodha
Steps to download Profit and Loss Report from Zerodha
- Visit Zerodha Console
You can use this link
- Log in with your Kite credentials
Enter your username and password
- Click on Reports > Tax P&L
After logging into Zerodha Console
- Select the specific Financial Year and quarter timeline
(Q1-Q4) of the FY tax P&L statement, you wish to download.
- Your reports Page will open up
Next, click on the option “Download Tradewise Tax P&L for all segments” located at the bottom of the page.
- Lastly, click on “Download Tradewise Tax P&L for all segments“
An excel sheet will be downloaded into your system
- Now, you can view your downloaded Tradewise Tax P&L report from Zerodha account
You can access this from downloads on your PC
FAQs
You can log into your Zerodha console account. Click on “Reports” but now instead of clicking on “Tax P&L” simply click on “P&L”. Thereafter, when the P&L reports open you can download it.
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.
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.
Transaction dates are not available in report
The tax P&L report of Zerodha provides scrip-wise data which means that the data for each scrip includes the aggregated data of all trades. If you want to view the trade-wise details, you can download the trade-wise tax P&L report and view the details under the TRADE WISE EXIT ENTRY tab.
My tax auditor is asking for a PDF statement to be uploaded whereas Zerodha is providing a MS Excel format file. A converter wouldn’t help as it may be perceived that I have tried to manipulated the data. Kindly help me in priority as I have very little time to submit the required documents to the Tax department.
Hey Naresh,
You can select the ‘Save as Pdf’ option on Zerodha in order to get the statement in a PDF format.
I downloaded trade-wise tax P&L report. But dates are not available even in that report.
Hey Mandar,
Once you download the trade wise Tax P&L Statement, you must navigate to Trade Wise Exit Entry Sheet in order to obtain the date wise transactions.
Plz example p&l incom tex return
Hey Mufaddal,
Refer to the article on how you can download your tax P&L statement from Zerodha. You can use DIY filing on Quicko to import your Zerodha trades by logging in via your Kite account. Tax P&L statement gives you an overview of capital gains/losses, speculative and nonspeculative trading.
My P&L is not showing the right amount ! i Lost atleast 40k to 70k but it shows only a loss of 30K
Hello Elton, you can verify the duration for which you have selected to view the PnL reports. If you still feel there is any discrepancy then we would advise you to reach out to the support team.
i have downloaded “Download trade wise Tax P&L report for all segments” but i dont see any data there except “Other credits/debits”. how can i get entire detail for tax filing.
Hello Sai, could you please double check the Financial Year and the Quarter that you have selected. If you are still facing issues fetching the data then we would suggest you to reach out to the customer support.