Download Tax Profit and Loss report from Zerodha

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Aakash (Quicko Customer Success Representative)

F&O Trading
Intraday
ITR-3
P&L Statement
Last updated on May 16th, 2023

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 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.

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Are you an Equity, Intraday, F&O or Commodities Trader? Upload your Tax P&L and file Tax Return online
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Tax Compliance for Zerodha Trader
Are you an Equity, Intraday, F&O or Commodities Trader? Upload your Tax P&L and file Tax Return online.
[Rated 4.8 stars by customers like you]
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Steps to download Profit and Loss Report from Zerodha

Follow these steps to download your Zerodha Tax P&L

  1. Visit Zerodha Console

  2. Login with your Kite credentials

    Enter your user ID and passwordZerodha console login

  3. Click on Reports > Tax P&L

    Zerodha reports

  4. Select the specific Financial Year and Quarter

    (Q1-Q4) of the FY tax P&L statement, you wish to download.Zerodha reports detail

  5. 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.Download Tradewise Tax P&L Zerodha

  6. Lastly, click on “Download Tradewise Tax P&L for all segments

    An Excel sheet will be downloaded into your systemZerodha excel sheet

  7. Now, you can view your downloaded Tradewise Tax P&L report from Zerodha account

    You can access this from downloads on your PC

FAQs

Is tax audit compulsory for F&O loss?

A tax Audit is compulsory when the turnover exceeds INR 1 crore in a financial year. Tax is also applicable when the turnover exceeds 1 crore and the net profit from FnO trading is less than 6%/8% of the turnover or there is a loss. A tax Audit report can only be filed by a CA. be filed by a CA.

Is Trading Turnover the 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. the sum of positive and negative differences. This turnover determines 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 necessary to file ITR 2 or ITR 3.

Got Questions? Ask Away!

  1. Hey @TeamQuicko

    Thanks for the blog! Just one quick question - Why do we have to report a quarterly breakdown of Dividend Income under IFOS?

    Thank you!

  2. I had received dividend recently but I had noticed that TDS had been deducted. any idea as to why has it happened and is there a way I can claim this TDS?

  3. Hey @HarshitShah

    After the introduction of Budget 2020, dividend income is now taxable in the hands of the shareholder; and is also subject to TDS at 10% in excess of INR 5000 u/s 194 & 194K. Foreign Dividend is taxable at slab rates. TDS is not applicable to such dividends. The taxpayer should report such income under the head IFOS in the ITR filed on the Income Tax Website.

    Hope this helps!

  4. Hi @Maulik_Padh,

    You need to pay Income tax on the net taxable income, i.e. after subtracting deductions, expenses, etc.
    If the net taxable income is negative i.e. if there is loss, you can carry it forward when filing the ITR

    Here are some of the articles which might help

  5. Hi @ameyj

    The amount of TDS deducted shall reflect in your Form 26AS only and it will also reflect the name of the deductor.
    Using the name of the deductor you can find out on which share you have received the dividend and you can also cross-check the same in your bank statement.

    Yes, you are right, TDS is to be deducted when the dividend paid exceeds 5000 INR in a financial year. However, the 5,000 INR limit pertains to all the dividends an individual gets in a year, or the total dividend per shareholder that a company pays out in a year, is left to interpretation, and hence registrars and share transfer agents (RTA) are not taking any chances and are deducting TDS even on small amounts.

    Hope this helps :slightly_smiling_face:

  6. Hi @ameyj

    You can submit a grievance on Income Tax Portal mentioning the issue and also attach the 26AS.
    The other option is to leave it as it is and clarify it when the tax department sends the notice.

  7. Hi @TeamQuicko

    Consider that I have 10 shares each of 10 different Indian companies. Each of the 10 companies are declaring a dividend of INR 100 before the FY ends. Now I will be recieving 1000 as dividend from each company, thereby a total of 10,000.

    The 5,000 dividend limit, is it applicable to each company / total dividend recieved by me in a year. If it is applicable to each company, then I would not attract TDS of 10% for dividend.

    Also pl clarify, how would the company B know that I have got shares of Company A,C,D,E so on…

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