Zerodha tax reports
It is critical for traders and investors to file their taxes, whether they made a profit or a loss. People often think that they don’t need to file taxes if they’ve made losses, but that’s not true. We also understand that filing your taxes might seem difficult, so we have created reports on Console to make this process as simple as possible.
Here’s an overview of Console’s tax-ready reports and how they can help you file your taxes.
You can also watch this video in Hindi here.
Tax profit and loss (P&L) statement
Your tax P&L report gives you a breakup of:
- Speculative equity intraday trades.
- Non-speculative F&O trades.
- Capital gains from delivery trades.
- Charges, taxes, and net gains or losses.
To download your Tax P&L report, click here.
Other reports that can help you when filing taxes are:
-
Contract notes
Contract notes include details for all the trades executed on a particular day and a breakdown of all the charges incurred for the transactions made. You can download contract notes for up to 1 year at a time on Console, by clicking here.
-
Tradebook
The tradebook includes details of all the trades executed in a particular segment for a particular period. To download the tradebook on Console, click here.
-
Fund statement as of 31st March
You can check the statement of all your transactions and billing details with Zerodha in the funds statement available on Console. To download the funds statement, click here.
-
Holdings statement as of 31st March
The holdings report in Console displays the number of securities held in your portfolio as of a specific date. To download the holdings statement, click here.
-
Annual Global Statement
The Annual Global Statement (AGS) is a consolidated report for the last financial year covering all trades, brokerage, taxes and charges for the account during the previous financial year. To download the Annual Global Statement, click here.
Filing taxes may seem like a daunting task, especially if you are doing it for the first time. We have written an entire module explaining taxation when trading and investing on Varsity.
We have also made videos explaining income tax for traders and investors in detail. Watch Income tax for stock market traders and Income tax for stock market investors.
If you have any questions on anything related to taxation, please post them on TradingQnA here.
We have partnered with Quicko to make tax filing easy for Zerodha users. Visit Quicko to learn more.
Here are some things to remember while filing your taxes for FY2023-24:
- The last date to file your ITR is July 31, 2024.
- Income from various trading and investing activities has to be reported under the ITR head as mentioned in the table below:
| Type of trading income/loss | Tax filing category under which it is to be shown | Remarks |
| Income from Intraday | Business income (speculative) | Amount would be net of profit and loss |
| Loss from intraday | Business income (speculative) | Amount would be net of profit and loss |
| Income from long term gain | Capital gain | Scripwise detail needs to be mentioned |
| Income from short term gain | Capital gain | Scripwise detail not required |
| Income from F&O | Business head (non-speculative) | Net turnover to be shown |
| Loss from F&O | Business head (non-speculative) | Please refer to this blog post from Quicko |
- In case you have only traded equities on a delivery basis resulting in capital gains, you can use the ITR 2 to file your returns.
- If you have traded equity on intraday basis and F&O resulting in business income, you will have to use the ITR 3 or 4 to file your returns.
- The Tax P&L report also includes Tradewise P&L for all segments, including provision for grandfathering long-term capital gains on equity and equity mutual fund investments made on or before January 31st, 2018.
- Since July 5th, 2019, buybacks are no longer taxed in the hands of investors. The Tradewise P&L shows buyback trades separately so that profits from all buybacks can be reduced from the capital gains.
- All the dividends earned for the previous financial year are shown separately. While filing your income tax return, income from dividends has to be filed under income from other sources.
- All the charges and credits that are not part of the contract note, such as DP charges, Account Maintenance Charges, payment gateway charges, account opening charges, etc. are shown on a separate sheet as other credits and debits.
in Zerodha Post Download of Tax PNL
In the Equity and Non Equity Sheet
1. Short Term Trades, are mentioned without Buy Data and sell date,
This Data is required while Filing Income Tax.
2. Long Term Trades are Also mentioned without Buy Data and sell date,
This Data is required while Filing Income Tax.
The Above Data is mentioned TRADE WISE, in the sheet, Tradewise Exits from 2024-04-01
however it is a daunting tax to consolidate this data in the format Required..
i urge you to look at other leading platforms where is data is neatly and correctly provided to enable proper tax filing.
Further we dont have clarity on if the below charges are already adjusted in the provided tax PnL ( NO Single official post was found )
Realized Profit Breakdown fields.
Intraday/Speculative profit
Short Term profit
Long Term profit
Non Equity profit
Charges
Account Head
Exchange Transaction Charges – Z
Clearing Charges – Z
Central GST – Z
State GST – Z
IPFT
Brokerage – Z
Integrated GST – Z
Securities Transaction Tax – Z
SEBI Turnover Fees – Z
Stamp Duty – Z
Your Competitors Provide this clarity in Downloaded Tax P&L Itself. This not only help me while filing returns, who ever the CA might be but also acts as a proff incase latter income tax flags me down.. we are only trying to file the correct returns. One might argue that this something one must know, but with larger volumes all these things are a nightmare , please understand. Pasted below..
\”Disclaimer \”1. The calculation for deriving profit and loss amount is based on the FIFO (First In First Out) method purely on trade data of BSECM and NSECM segment since April 2010.
2. The calculation for deriving profit and loss amount for F&O is based on the FIFO (First in First Out).
3. Clients who offer share trading profit/loss under the head Business Income can treat STT paid as an allowable business expenditure. However, for those who offer the same under the head Capital Gains, STT paid shall not be an allowable expenditure for calculating capital gains.
4. Cost of acquisition for all the stocks bought before the 31st of Jan 2018 will be determined by the grandfather rule. For these stocks the lower value between Fair market value(FMV) as of 31st Jan 2018 and the Avg Sell Price of the stock will be calculated. This value will then be compared with the Avg Buy Price and the larger of these two will be considered as the cost of acquisition for that particular stock. (Cost of acquisition = Max [Avg Buy Price, Min(Fair market value as of 31st Jan 2018, Avg Sell Price)]). The FMV of a stock would be the highest price quoted on the recognised stock exchange on 31 January 2018. If fair market value is unavailable (due to some corporate action), the acquisition cost will be equal to the actual Avg Buy Price.
5. As per Income Tax Section 94(8), if the investor has bought certain units within a period of 3 months prior to the record date of bonus issue and sold all or any of the original share within a period of 9 months after the record date of the bonus issue, the STCL will not be considered for taxation. The cost of Acquisition of the bonus share will be equal to STCL/bonus qty.
6. Though we have taken all possible care to compile the financial information accurately, we do not guarantee its appropriateness for any particular purpose(s) of the Client, including for income tax. The financial information is based on trade data available with us which has not been subjected to an audit or review to determine its suitability for any specific purpose (s) to which the Client may use it. Depending on the treatment that may be given to notional profit/loss on open year-end positions, accounting for corporate actions and off-market transfer of shares, etc., the financial results may vary substantially. Accordingly, neither we, nor any of our employees accept any responsibility for the reliability, accuracy, or completeness of the compiled financial information nor do we accept liability of any kind whatsoever, including liability by reason of negligence, for losses, damages, costs, penalties, legal or statutory action as a result of Client placing reliance on the compiled financial information. The Client is advised to consult subject experts/professionals before using the financial information for any purpose.
7. The impact of off-market transactions is not considered in the calculation of the PNL report.
8. Additional brokerage for equity is adjusted against Intraday.
9. There might be a discrepancy in Dividend data. Please check the same in the Income-tax Portal.
10. Open sell is when we do not have buy transactions. Open sell is not included in total taxable income.\”
Calculations \”1. Taxable PnL for Intraday(Speculative) = Sell Value – Buy Value – Charges and Statutory Levies – STT
2. Taxable PnL for Delivery = Sell Value – Buy Value – Charges and Statutory Levies
3. LTCG and STCG are determined on the basis of the holding period
4. Taxable income for the Options(Non-Speculative)= Sell Value – Buy Value – Charges and Statutory Levies – STT. MTM is not done in Options
5. Taxable income for the Futures(Non-Speculative)= Sell Value – Buy Value – Charges and Statutory Levies – STT.
6. Taxable income for the Future that was opened in the previous FY, The calculation is done based on the 31st of March closing price of the previous FY
7. Taxable income for the Open Future position in the FY, the calculation is done based on the closing price of the last day of the FY
8. Turnover = abs(Sell Value – Buy Value)\”
This is very important, for equity, since they are not business income and dates are to be mentioned.. for F&O not so much as the dates are irrelevant and open positions are end of year are often limited.. but you get the point please help. can share othere report if needed one on one..
I have received 108 rs as referal money from zerodha in 2024 -25. It is showing in business income. I have just referred to my my family members only .is it a business.as till now I was filing itr2 .but due to to this 108 rupees I I need to file itr3 .can I consider referal money as income from other head.thanks
Reporting in Zerodha belongs to 19th century. Very ugly and lack of even most basic information and proper formatting when downloaded in excel. Brokers like Dhan and others are improving themselves with great trade portals, reporting tools while Zerodha remain an old organization
On top that they are removing features like trades tagging instead of improving. I came to Zerodha after 2 years assuming may be it is improved, but look like same as 2 years back.
in zerodha application i downloaded the profit and loss report tax section it is showing wrong information. my inttraday loss is 30 k and short term profit is 15 k but total profit is showing intraday loss plus short term profit hence my tax structure is increasing . for example in my case i made loss of 30 k in intraday but zerodha treating it as my profit and total amount it showing is 15k plus 30k thus i am made to pay tax even on loss of 30k.
intraday loss is -30000
short term profit 15000
zerodha showing total tax p n l statemnt as 15000+30000=45000 as my total profit
my objection is for minus 30000 where i made intraday loss of 30000 is being treated as profit by zerodha tax statemnet please let me know why this issue every time in tax P&L statemnt
Is there a summarized report in Zerodha which helps an individual pull all dividends received in any financial year
Hi, the consolidated dividends report is available as part of the P&L and the Tax P&L report. Here\’s how you can download it.
Dear Zerodha
I always think this is so difficult prepare tax related statements for profit and losses.
But thanks Zerodha, who has give Tax P&L like feature. Our work is become so smooth.
Lov You Zerodha.
Thanks for your feedback, Prem.
For ltcg below one lakh,I tried itr-2.(I didn\’t trade f&o).while trying to upload CSV file in it says header mismatch.
How to fix this? Moreover I couldn\’t take p&l for 1st April to June 15th.Please guide
I havenot traded yet whether I have to pay any tax
Good
Done
My investment is less than 70 thousand and I have not sold any share. Do I need to file tax. All are long term share
My investment is less than 1 lakh and I have not sold any share. Do I need to file tax. All are long term share
I downloaded P&L statement from Zerodha for the FY23-24. All my shares which I sold were held for more than one year. But CDSL has entered many of my shares sold as short term Capital gains in AIS.
My CA says I have to file my capital gains tax as shown in AIS and not as per P&L capital gains statement supplied by Zerodha.
Due to this I have to pay huge amount of tax and there is not enough time for me to ask AIS to correct the mistakes. What actions shall I take?
After download reports where I have to submit the reports… Is there mail id…. Can u reply me immediately..
Hi Syed, after downloading the reports, the tax return needs to be filed on income tax webiste. You can also use Quicko to file your returns. If you need any help, you can post your questions here.
Hi i am new to this field. Pls guide me how to file tax. In detail Thankyou.
When i login to my Income Tax portal already my data of stock trading is seen .by the help of my pan the trading whatever doned by me is shown..is that pdf file is correct or not.
Please share my Financial report 2023-2024. F&O report , your app shows error.
Hi Jaldeep, we\’re sorry to hear this. Please tr downloading the reports now.
In the explanation note, you wrote the following\”
\”All the charges and credits that are not part of the contract note, such as DP charges, Account Maintenance Charges, payment gateway charges, account opening charges, etc. are shown on a separate sheet as other credits and debits.\”
Please speak to YOUR tax consultant / CA and let us know in which column of the IT Return we can incorporate these expenses while filing the tax return?
Regards
From your Tax P & L report, we get the data quarter- wise.
But what is required for IT filing is, 1st Apr to 15th Jun, 16th Jun to 15 Sept, 16th Sep to 15 Dec, 16th Dec to 15th Mar and 16th Mar to 31 st Mar
I am a fresher here in stock market,I did joint since May this year 2024,do I need to file any report,if so please give me the necessary instructions now…
I bought some shares in the last 3 years and sold some shares in the financial year 23-24, which statement will be required to file its IT return ? Please send it to my Email soon.
Hi Roy, in case you have only traded equities on a delivery basis resulting in capital gains, you can use the ITR 2 to file your returns.
I\’m fresher in stock market I started last year February. I haven\’t file any ITR so far and I don\’t know how to do it. I don\’t do intraday or FnO, just delivery mostly are STCG, do I need to to file ITR or income tax? And how to do it?
Hi Dina, you need to. In case you have only traded equities on a delivery basis resulting in capital gains, you can use the ITR 2 to file your returns.
Hi zerodha,i am a freshers,and I want to know,after download all the reports how to file itr ?where I have to put the reports.
You should make video in Hindi language also b,coz every body could not understand English.As I am a housewife only so it is difficult for me to understand how to pay tax so make it very easy.
Hi Sangita, you can watch the video in Hindi here.
Hello,
I am NRI, I invest for long-term with my PIS account. So far I have not did any profit booking. Do I still need to file income tax return?
Please help me to understand this!
Regards,
Nandan Kumar
Hi Nandan, you can post all the tax related queries here.
As I have not transferred prfit to my bank account, then why should I show it as income?
I am trading on behalf of my mother. She is a senior citizen without any source of income. I / She has made profit in FnO trades (3Lakhs) , Short Term Capital Gains ( 25,000) in Equity. Is she liable to pay income tax like STCG??
Hi Sandeep, yes, since all the transactions will be recorded in her name, she will have to file ITR.
Do you have branch office at Nagpur to visit
It is so much useful to us. Thanks u .
I am jobless from past 10 months, and I have been in to stock market from past 4 years. For last year to till date I am in loss around 2.8 lacs which includes profit and loss. Very rarely I am earning profits but overall I am running with loss of 2.8 lacs. Guide whether I am eligible for ITR filing, if yes which slab that I comes and Guide me the procedure.
Hi Vaseem, you can post all your queries here.
Sir
My income source : salary 13500. Yearly Rs 162000. Titution fees Rs. 84000. Stock Long term inve income 80000. Short 25000. option e loss 113000. Now income tax filing is mandatory to done on 2023 -2024.
Pls. reply as soon as possible.
Yours faithfully
Pulak sinha
Hi Pulak, you can post all your queries here.
Plz. Send my trade detail financial year 2023-24
My income is less than<250000 should I do the income tax failing or not….. Can any one please tell…
Hi. I have income from salary and also have P&L from equity, but my profit in LTCG & STCG does not exceed 1 lakh individually. What ITR form should I use? Although I have used ITR2 this time
Hi Anirban, you can post all your queries here.
Salary + f&o which itr 1 2 3 fill
Hi, you can post all your queries here.
INCOME TAX DEPT EVERYYHING SHOWN IN AS26 STATEMENT.
THERE IS NO NEED TO GO ANY WHERE.
WE ONLY FILE ITR 2 OR ITR 3 AS CASE MAY BE.
IT DEPT IS BIG BEGAR AND GUNDA TO COLLECT MONEY FOR NATIONAL LEADERSHIP EXPINDURE.
WE ARE ONLY DONATE IN LIE TAXX GOOD NAME. IN TIME. OTHER WISE WE ARE THE CULPRINT TO PAY HEAVY DONATION IN OR Out.
Please send me my report of financial yr. 2023 – 2024 and F&O report. This app shows error.
Hi Vijaykumari, you should be able to download the tax P&L reports now. Please check.
Fully detil hindy ma.
Hi Somdev, you can watch this video in Hindi here.
Welcome🎉
One script from my demat account disappeared.
How to trace this.
Hi Manoj, could you please create a ticket on: https://support.zerodha.com/ with details, so we can have this resolved at the earliest?
1.Information is superb. However, I am already doing it.
2. Long back I requested for change of my Mobile number. But in vain.
3 Income from F & O is non-speculative business income, therefore, we may calculate net income from F & O as presumptive income. There is no specific mention or prohibition for the same in income tax.
Zerodha send me incomplete information.
Is video ko Hindi main batate to aur bhi aasani hogi.
Hi Sujata, you can watch this video in Hindi here.
Dividend statement is not mentioned above which is also required for filing ITR. Apart from this, in ITR-3 it is required to enter all the scripwise trades in capital gain section of ITR-3 which is most laborious and tedious job, you have to do something in this direction like providing a file to your client which can be directly uploaded on ITD e-filing website while filing ITR-3. Please look into the matter seriously.
Hi Dnyandeep, details of dividend recieved are shown in a seperate sheet in the tax P&L report. You can check out Quicko to easily file your ITR.
Kya aap hame Hindi me Bata sakti he e kya he or else kese sahi tarikese
Or aap muje call karenge Hindi me bat ho sake vese
Hi Aastik, you can watch the Hindi video here.
Please share my Financial report 2023-2024. F&O report , your app shows error.
Dear Sir,
I already filed ITR but is it different or should I still do it for share market.
Already cleared tax
All ready complete tex filing
Pls share
Please sand may it report
Please share my report accessment year 2023to 2024
Please share my reports which can be uploaded on Income tax filing
Please share my report accessment year 2023to 2024
Alredy clear tax
Please..send me my report. 2023_24 and 2022_23,2021_22
I am not hunderstand tax pilling
I am helping other persition any body tax pilling perction your side
Please contact my mob no 9964269734
Can you send me capital gain statement for financial year Apr\’23 to Mar\’24 for login ID TM0296 to my mail id above mentioned.
Good upgradation and information being provided regularly .
Flash news should also be given as BSNL tie up recently.,etc,companies that have a good potential, etc so that Zerodha investors are kept updated.
Thanks for keeping Zerodha No 1
Hari Rajani
Already done IT returns
Send my report
Maine tax bhar diya
Any update from my side
I am NCD trader in your platform.some of my NCD bought are redeemed on its maturity time.the redemption proceedings not captured in your statement.atleast allow us to manually enter the redemption proceedings in the pl account.please do the needful.with warm regards.
Already done IT returns.
Please share my report .
Hi Rama, the link to download the Tax P&L report is available in the article. Please check.
Please send income tax information file
Hi Dyaneshwar, the link to download the Tax P&L report is available in the article. Please check.
Itni income nahin hai Jo tax fil karna hai
Please elaborate me more about it i have totally make a loss and my capital is under 20k
In itr2, we need per quarter breakup of stcg and ltcg…example: upto 15/6, 16/6-15/9 and so on, for advance tax calculation.. zerodha currently offers Q1, Q2,… separately. These are month end based I suppose.
Request u to insert 1 worksheet on the advance tax dates period based computation, in the \”Tax P&L\” report so that, the contents can be copied into itr2..
Good appp
Please share my report
Hi Shailesh, the link to download the report is shared in the article above.
Good servises from you
Excellent initiatives by Zerodha, for educating investors. Thanks.
Excellent communication, please share the same on e mail 🙏
Send it detail
Send details tax
Very useful information guide the investers I am very much thankful for the concern showing towards your customers.
I like zerodha broker
My tax file is ready
How can I download above article ??
Still this issue is not resolved yet. no updates in the thread from Zerodha.
Inaccurate capital gains for LIQUIDBEES in Zerodha Tax P&L
Link : https://tradingqna.com/t/inaccurate-capital-gains-for-liquidbees-in-zerodha-tax-p-l/169419
Good