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 Tax P&L for all segments” located at the bottom of the page.
- Lastly, click on “Download Tax P&L for all segments
An excel sheet will be downloaded into your system
- Now, you can view your downloaded 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.