Benefits of FYERS Tax P&L Report for Income Tax Filing

How does the Tax P&L Report help with income tax filing?

The Tax P&L Report assists with income tax filing by providing:
  1. Accurate Reporting: Detailed breakdown of profits and losses, ensuring all relevant information is included in your tax return.
  2. Compliance: Helps comply with tax regulations by categorising transactions into long-term and short-term capital gains, speculative and non-speculative.
  3. Simplification: Consolidates all necessary financial data into one report, reducing the risk of errors and omissions.
  4. Expense Tracking: Summarises trading-related expenses like brokerage fees, STT, and GST, essential for accurate tax reporting.

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      The Tax Profit & Loss (P&L) Report is a comprehensive summary of the profits and losses you have incurred through various financial instruments such as stocks, Futures & Options (F&O), mutual funds, currency, and commodities over a financial year. ...

    • What filter options are available in the Tax P&L Report?

      The Tax P&L Report offers several filter options to help you customise the report according to your needs, including: Segment-Wise Filters: To view specific segments such as equity, F&O, currency, or commodities. Transaction Type Filters: To ...

    • What types of profits and losses are detailed in the Tax P&L Report?

      The Tax P&L Report details various types of profits and losses, including: Net Long-Term Capital Gains P&L Net Short-Term Capital Gains P&L Taxable Intraday P&L (Speculative) Taxable Futures P&L (Non-Speculative) Taxable Options P&L (Non-Speculative) ...

    • What are the main components of the Tax P&L Report?

      The main components of the Tax P&L Report include: Realised P&L: Detailed breakdown of net long-term and short-term capital gains, speculative and non-speculative P&L, turnover for equity and F&O, and realised trading P&L. Expense Summary: Detailed ...

    • How can I download my Tax P&L Report from the FYERS portal?

      To download your Tax P&L Report from the FYERS portal, follow these steps: Go to FYERS My Account. Click on Tax P&L. Choose the Current Financial Year from the drop-down menu. Click on Generate Report. Once the report is generated, click on the ...