Zerodha tax reports
As a trader, it’s extremely important to file your taxes, regardless of whether you made a profit or loss. Most people assume that just because they’ve made losses, it’s not necessary to file taxes, but that’s a mistake—you may get a notice from the Income Tax Department regardless of that. We also understand that filing your taxes can seem complicated, so we’ve built reports on Console to make this as easy as possible.
Here’s a brief overview of the various reports on Console and how they can help you in filing your taxes.
Tax profit and loss (P&L) statement
1. 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.
2. The tax P&L report also includes a tradewise P&L for all segments, including a provision for grandfathering long term capital gains (LTCG) on equity and equity mutual fund investments made on or before January 31, 2018. Tradewise P&L contains all the information you need to report long term transactions under Section 112A in your ITR.
3. In 2019, a tax on all buybacks was introduced and profits from buybacks are no longer taxed in the hands of the investors. So all buybacks trades are shown separately in the tradewise P&L so that the profits from all buybacks can be reduced from the total short term capital gains.
4. The tax P&L report also contains scripwise and tradewise computations of the turnover as per Section 44AB, which can be used to determine if a tax audit is required.
5. All the dividends for the previous financial year are shown separately. Dividends have to be filed under the income from other sources head in your ITR.
6. All the charges and credits that are not part of your contract notes are shown on a separate sheet as other debits and credits. To know what are other debits and credits, see What do ‘Other credits & debits’ in the Console P&L report mean?
How to download your tax P&L statement?
To download the tax P&L, follow these steps:
-
- Visit console.zerodha.com/dashboard
- Click Reports and then Tax P&L.
- Select the Financial year (FY) and the period (quarterly or annually).
- Click on the arrow button.
- Click on Download Tax P&L report for all segments to download tax P&L the report.
Zerodha tax P&L
Other reports that can help you when filing taxes
Tax P&L reports are generated based on all the data we have on trades, corporate actions, and stocks transferred in and out of Zerodha at the time of generating the report. The accuracy of the reports can also be verified by comparing contract notes, tradebook, and the funds statement.
To make things easier, we allow contract notes for up to 1 year to be downloaded in one go. Contract notes can be downloaded up to a year at a time.
Contract notes include all the trades executed on a particular day. They contain a breakdown of all the charges incurred for the transactions. To download contract notes, follow the steps below:
-
- Visit console.zerodha.com/dashboard.
- Click Reports and select Contract note under statement.
- Select Report type as PDF, XML etc.
- Select a Date range .
- Select Category and Trade type.
- Click on E-mail and the contract note will be sent to the registered email address. The password for the contract note is the account holder’s PAN number in capital letters.
Contract notes
The Tradebook contains all the trades executed in a particular segment for a particular period.
To download the tradebook, follow the steps below:
-
- Visit console.zerodha.com/dashboard.
- Click on Reports and then Tradebook.
- Select the Segment.
- Select the date range and click on the arrow button.
- The Tradebook can be downloaded in XLSX or CSV format by clicking beside the Download button.
Tradebook
You can see the statement of all your transactions along with your billing details with Zerodha in the Funds Statement available on Console.
To download your funds statement, follow the steps below:
-
- Click on Funds.
- Click on Statement.
- Select the segment (Equity or Commodity).
- Select the date range and click on the arrow button.
- You can download the statement in XLSX/CSV format by clicking on them.
Funds statement
How to file your taxes?
We understand that filing taxes can seem complex and people need assistance. We’ve written an entire module on taxation when trading and investing on Zerodha Varsity. We’ve also partnered with Quicko to make the filing of taxes easy.
We recently recorded a webinar with Quicko on how to file your taxes. The webinar has a detailed walkthrough on how to file taxes, common queries about taxation, audit applicability, AIS, taxes on gifting, and more. Please do check it out.
You can also download the glyde app by Quicko to file your taxes easily.
Here are some things to remember while filing your taxes for FY2021-22
-
- The last date to file your ITR is July 31, 2022.
- Income from various trading and investing activities has to be reported under the ITR head as mentioned in the table below:
ITR heads
- 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.
Team Zerodha
India's largest retail brokerage
Should we show the mutual fund in coin application, in ITR filing??
Is it compulsory to show?
I have loss intraday(RS -2300), short term( rs -482) and options(-44k) .
No capital gains
My option turnover is 42lakh
I am a student .
Please verify the ITR filing is necessary in my case?
please file it , because next time if you will be in profit you can minus your loss from it for taxable income it is called as loss carry forward
Hey folks, it’s always a good practice to file your ITR and report all your financial activities. With everything being linked to Aadhaar and various partnerships with CBDT, ITD has more visibility. Now, if you have taxable income below the exemption limit, you won’t have any tax liability. As Gaurav mentioned, you won’t be able to carry forward the losses to set off against future incomes without reporting them when filing your ITR on time.
My turnover for fno trading is 34.88 crore earlier with losses of 38 lakh earlier. After icai new update turnover is 1.63 crore. Earlier I required tax audit and can file itr3 upto 30 SEP 2022 for losses to carry forward. Now for turnover 1.63 crore with 38 lakh loss I haven’t need tax audit, but for losses to carry forward itr has to file before due date(31.07.2022). I already file ITR1 before due date, can I file revise itr3 now for losses to carry forward.
How can I get consolidated statement of long/short term gain/loss of financial year 2021…2022
Hey Anil, you can download the Tax P&L statement from Console. This will have all the details. We’ve explained the process for downloading the report in the post, above.
Hey Anil, you can download the Tax P&L report from Console by following the process given above. This includes all the details.
I have need of my capital gains statement for income tax return for 2021-22.
My account number is AZ3709.
Hey Mohan, you can download the Tax P&L statement from Console. We’ve explained the process above.
While Filling ITR2
It expects to fill the STCG/LTCG/Dividend received in five different time frame having that information in the same report already calculated will turn out to be very helpful.
Yes… timeframe of 5 different ranges are to be tabulated by our selves … If zerodha can provide tabulated sheet with those 5different ranges that would be praiseworty … otherwise it takes 5to6hours of rigorous checking by ourselves …. Expect response from Zerodha
I agree with Krishnam above. A quarterly breakup as required in ITR filing can be introduced for STCG, LTCG and for Dividends. More so for STCG & LTCG. It would be a great feature to see in the Tax PnL as it would make the filing so much more seamless
Hey Yashaswi, you can also download a separate Tax P&L report for each quarter from Console, the process remains the same.
In addition to each quarter, if you could provide Tax P&L statement based on advance tax due dates (ie.15th of June, Sep, Dec & March) will be very helpful.
These reports are really helpful in filing the returns. However, the dividend received report is still having errors and it is not matching with the bank statement or the AS26 report or AIS reports. I have reported this many years back but no improvement
+1
I had duplicate entries in equity dividend tab. Also mutual fund dividends are not captured in the report.
I concur. The dividend report contains duplicate entries. Having to do a manual check takes away the benefit of a well-prepared report. Request if the errors can be rectified.
Looks like everyone is facing the issue; would be great if someone in Zerodha takes this up on priority.
Hey Sid, please create a ticket at http://support.zerodha.com so that our team can check and assist.
Hey Prashant, please create a ticket at http://support.zerodha.com so that our team can check and assist.
Hey Vishnu, please create a ticket at http://support.zerodha.com so that our team can check and assist.
Tax p&l for short term capital gains how much tax will be charged on that
In the case of Listed Equity shares where STT is paid, the STCG rate would be 15%. Here an article you might find helpful – https://learn.quicko.com/equity-share-trading-income-tax-treatment
In TaxPnL the scripwise charges not matching with summary .Further in many cases intraday, short term & longterm charges not mentioned scripwise separately.It is having zero values. It shows sorry state of affairs with Zerodha.Naam bada darshan thoda.Sadak chhap companies giving scripwise charges and vlean tax pnL reports whereas zerodha not able to hive despite many reminders.It us high time to change your broker.
Hey Pramod, please create a ticket at http://support.zerodha.com so that our team can check and assist.
There is difference in Buy & Sell value compared to your report to the report uploaded to AIS.In Holding Statment particularly Invested value figure are misleading compared to previous financial year. Even same report of even date differs with Daily invested value of Kite. As a leading Brokerage firm accuracy is not taken care. Please look into mathematical part.
Hey Ganpati, please create a ticket at http://support.zerodha.com so that our team can check and assist.
Is it mandatory to show exempt income in ITR No.2 ?
Hi Chandrakant, you should always report all your incomes in your ITR.
On the Tax P&L dashboard, does the numbers under STCG/LTCG/intraday profit are after the deduction of charges for the trades.
Hey Praveen, the STCG, LTCG, and intraday profit numbers are excluding charges. While filing ITR the charges have to be reported separately. Hence the charges in the Tax P&L statement are shown separately.
Hi,
Example- My STCG is 50k and expenses in connection to transfer is 1k excluding STT.
So, net STCG- 49k
How do I find the STCG(excluding expenses) for different 5 date ranges?
Could the broker do the ITR filing for their clients according to the information available with them by charging some reseonable amount? If so, plse inform me.
The newsletter in email message received today, should have been sent to the clients long ago after the Tax P&L was ready and available for downloads. Some of the details are not accurate such as Dividends. Further, if the charges, which are to be deducted from the profits should be shown separately and the net gains to be shown in for IT purposes should be shown in the different segments, such as Intraday, STCG, LTCG, etc for the benefits of the clients. Request the Zerodha team to be more accurate in the data and presentation.
Anyways, whatever the team Zerodha has already done for their clients are highly appreciable and great. Keep up the good work. There is always scope for further improvements.
A report in format required by ncome Tax Department would have been so very useful. they ask for the following details
Share/Unit acquired(1a)
ISIN Code(2)
Name of the Share/Unit(3)
No. of Shares/Units(4)
Sale-price per Share/Unit(5)
Full Value of Consideration(Total Sale Value)(6) = 4 * 5
Cost of acquisition without indexation(7)
Cost of acquisition(8)
If the long term capital asset was acquired before 01.02.2018(9)
Fair Market Value per share/unit as on 31st January 2018(10)
Total Fair Market Value of capital asset as per section 55(2)(ac)(11) = 4 * 10
Expenditure wholly and exclusively in connection with transfer(12)
Total deductions(13) = 7 + 12 Balance(14) = 6 – 13
In a tabular form in their CSV file dowloadable from Income Tax website while filing the ITR-3
I would like to add……
Required all the details for Income Tax Return Filing could not be found from the back office / reports. If you refer to the enclosed CSV / Excel Sheet that I have downloaded from Income Tax office asking for details under Schedule 112A in my ITR-3, you will see that such detail is very difficult to get. Therefor kindly guide me how to get these details from your consolidated / global / annual / or / P&L reports.
How to get csv report from zerodha
You are sending the reports at the eleventh hour. These reports should have been sent at least one month back. So that it would be useful for filing the ITR returns. We hope you will take care of our opinion.
Is it possible for Zerodha to file ITR on behalf of their clients as they have all the informations with them? Zerodha may charge some reasonable amount for this.
If so, pl. let me know.
My demat account is closed,how to I get my reports and tradebook
Hey Jitendra, you can get all the reports by creating a ticket at: http://support.zerodha.com.
How to show loss from the currency trading? Which ITR form?
Hi Smit, currency trading is considered a non-speculative business income and ITR 3 would be applicable.
Here is an article that you might find useful – https://learn.quicko.com/income-tax-trading
Very useful information and great learning from the audio. I got confidence that I can on my own file ITR which otherwise I felt it was very tedious procedure. Yours is very simple way of teaching, sir.
Thank you very much. You are great and Zerodha is also great.
मै एक सरकारी कर्मचारी हूं और ITR1 भर चुका हूॅ। मुझे जानकारी नही थी की घाटा होने पर भी ITR भरना होता है और सबसे बङी गलती की मैने F&O मे बङा घाटा खाया है मेरा टर्न आवर भी करौली मे पहुच गया। कृप्या कोई उचित समाधान बतायें।
Hi, you can file a revised return and report your losses.
Sir/Madam
I am a central govt servant and my turn over more than cr overall i booked a big loss.
In this situation, am i a gilty or punishable.
Please tell me
Can revised return filled now means after due date for reporting losses and carry forward if earlier only Itr1 file before due date
My yearly income is less than 2 lakh
Do i still need to file itr
Hey Saroj, if your gross total income for a year is less than INR 2,50,000 then you don’t need to file ITR. However, it is always a good practice to file your ITR. In your case, the total income is less than the basic exemption limit you can file a Nil return.
When I was filling return, asked what to do about the shares traded (in intraday) and holdings lying on my demate. They told, if it is so then filing charge will be more & u will need to bring reports regarding this which your brocker will provide u. Then told let’s check and confirm u whether to do that or not and then after checking said u need not to that. Now, pls. guide me regarding this.
Hi Ashish, you should always report all your financial activities when filing your ITR to avoid any scrutiny in the future.
I have Short term capital gain in 4 time periods and short term capital loss in 5th one. How to show or where to fill up this amount of loss?
It wii still be easier if quarterly break up of the expenses given as required in ITR return.
Hey Anil, you can also download the Tax P&L report separately for each quarter from Console. The process is the same as explained above.
I have loss intraday(RS -2300), short term( rs -482) and options(-44k) .
No capital gains
My option turnover is 42lakh
I am a student .
Please verify the ITR filing is necessary in my case?
Hi Vishal, it’s always a good practice to file your ITR before the due date and report all your financial situations. You’ll also be able to carry forward the losses to set off against future gains.
how to verify the data given in AIS with your data.they given data from cdsl under the head purchase and sale of secutities value.what are the corresponding figures in your report?there is no head of expenditure,in Ais,how can we arrive the net profit figure with out expenditure heading
I have loss in equity and option trading. So I have to file return for that?
HI Sunil, you should file your ITR on time and report all your losses to carry them forward and set off against future profits.
How to get dividend report
Hey, a dividend report for your stock holdings is available in the tax P&L statement.
IN EXCEL SHEET IN F&O TURNOVER IS LESS THAN IN EXCEL SHEET TRADE WISE SHOW DIFFERENT WHY
I am not an active trader but I had traded some times so it is necessary to file itr return
Hi Om, it is always a good practice to file your ITR and report all your financial activities to avoid scrutiny. In case you have income below the basic exemption limit, you won’t have any tax liability.
Mera khata kholane me madad Karo
Hey Duryodhan, we have explained the account opening process here. You can create a ticket at support.zerodha.com if you need any assistance.
I am not a trader. My income is STCG /LTCG only. However I have only one intra day transaction having profit of Rs. 1000/- (speculative income). Is it OK if I file ITR-2 by including trading profit in STCG.?
I am not sure about Buybacks being shown separately
….. ( 3. In 2019, a tax on all buybacks was introduced and profits from buybacks are no longer taxed in the hands of the investors. So all buybacks trades are shown separately in the tradewise P&L so that the profits from all buybacks can be reduced from the total short term capital gains. )
Please check
Send My statement
Hey Avinash, you can download your tax P&L statement from Console. We’ve explained how to in the article above.
i have STCL Rs. 6500 in shares, Intraday Loss Rs. 550 in shares and loss in Options trading Rs. 251000 around with turnover of Rs. 1.20 Crores. my income from other business is Rs. 200000. Please tell do i need Audit by CA ? if yes under which section & clause ?
Hi Arun, like we talk about tax audit in the webinar above it is applicable u/s 44AB if:
1. Turnover > 10Cr
or
2. Turnover < 2 cr 2a) Profits < 6% of turnover 2b) Taxable Income above basic exemption (2.5 lacs) 2c) opted out of the presumptive scheme in the preceding 5 years However, it's always up to the user to opt-in or opt-out of the tax audit
should we deduct the total charges and other credits/debits from the profits to get the taxable profit? or is the entire profits only without deductions?
Is the STCG profit from the buy back of TCS tax free?. If yes, should we mention it somewhere in the tax filing?
मैं nifty, bank nifty मैं F&O trade करता हूं, मुझे ITR की जानकारी नहीं है ZERODHA मेरा ITR FILE कर सकता हैं जो CHARGE होगा मैं pay कर दूंगा,
We need capital gain details in 5 different time frames than 4 quaters you guys are providing. Why can’t you provide that which is actually useful
Team quick is chargeable?
Sir, both my divident income & TDs on divident are not showing in tax portal. What may be the reason?
Hi,
Can i set off F&O or equity losses of earlier years which were not reported against current year’s profits?
Thank you.
It is surprising to see the childish work of Quicko in filing itr3. I paid the desired fee for filing my ITR3. I asked them to send me the JSON file to verify.
I was shocked to see the filled ITR3 as there were so many errors in it.
Lastly to see their poor knowledge in ITR filing, I was compelled to forgo the charges paid to QUICKO and hired some other agency.
The schedule meeting for 30 minutes and expect to complete filing of so complicated ITR3.
So, it is my sincere advice not to go to such horrible agency who do not know abc of Income Tax.
In futurei It is going to create bad name also to Zerodha who are involving QUICKO for filing of ITR.
Hi Santosh, that does not seem right, it’s not the experience our users vouch for. Can you please share your email & order id on [email protected] so that we can look it and make sure all your concerns are addressed?
As per my trade book I have sold 1900 shares on 02-02-2022 (cdsl statement date;04-02-2022) =. But as per the AIS report only 260 shares are showing. what may be the reason.
DEAR SIR,
I HAVE 2 DOUBTS FOR CLARIFICATION (1) IN MY ACCOUNT TOTAL CHARGES OF RS.23.87K AND OTHER CREDITS/DEBITS OF RS.1.63K HAVE BEEN MENTIONED. HOW MUCH AMOUNT SHOULD I TAKE FOR THE IT RETURN OUT OF THESE AMOUNTS
(2) UNREALISED PROFITS HAVE BEEN MENTIONED AND HOW TO TREAT THIS ITEM IN THE IT RETURN. PLEASE CLARIFY
THANKING YOU
Is best option
Hello,
This is with respect to Short Term Trades records shown in the “Tax P&L report” downloaded from Console.
Is the ‘Realized P&L’ amount shown in this report excluding the charges for Total of SEBI Charges, SGST, IGST, CGST, Stamp Duty, STT, Exchange Transaction Charges?
OR, do I have to deduct these from ‘Realized P&L’ when reporting the actual P&L while filing ITR?
Thanks!
Thank you Zerodha and Team for integrating with Quicko.
It was super quick to fetch all details from income tax portal and Zerodha. We can easily update details if required and validate.
Best part it is completely free.
Hi There,
I have a loss incurred in 2019. I have not included it in the tax filing. Can I go back and file it and carry forward my losses?
I have open demat account. But no fund is added due to account payment issues. I have not done any trading or investment yet. Should I file tax return.
Hi, I am a house wife. I trade in options. My loss is 1.5 lakhs. But my turnover is 1.2 crores. I put only 2 lakhs. But the turnover is 1.2 crores. Why should I file the tax
is it possible to get p&l statement month wise in pdf format from console???
Hey Bijoy, from Console you can download the statements in CSV format and convert to PDF by following the process given here.
I traded on f/o ,toun over is 50 L,
Am I need to pay IT ,or no
The contract notes generated in xls format are always downloaded as corrupted files. Been following up with zeordha support for months. They dont want to help!
Hey Swapnil, sorry to hear this. Having this checked. You’ll have an update on the ticket.
My turnover for fno trading is 34.88 crore earlier with losses of 38 lakh earlier. After icai new update turnover is 1.63 crore. Earlier I required tax audit and can file itr3 upto 30 SEP 2022 for losses to carry forward.
Now for turnover 1.63 crore with 38 lakh loss I haven’t need tax audit, but for losses to carry forward itr has to file before due date(31.07.2022).
I already file ITR1 before due date, can I file revise itr3 now for losses to carry forward.
Hi, I want to know that, if my PnL from options is 10000 and out of this charges are 4000 and net realized PnL is 6000. So the income tax will be charged on PnL Or Net realized PnL.
Hi Sujit, you can post tax-related queries on our forum TradingQnA.
Hello,till current fy ie 2022-23 i have mentioned / shall mention LTCG and STCG in ITR. I have also mentioned [email protected] profit under presumptive taxation. Since 2023-24 my number of transactions will be much more. Can i replace stcg with business income? I mean can i show ltcg and business income, no stcg. Are there any rules/ conditions for switching from stcg to business income for the same work of buying and selling shares on delivery basis only number of transactions will increase?
Hi Mahesh, you can post taxation related queries on our forum: tradingqna.com