What is the Tax P&L Report?
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. This report is crucial for traders as it aids in accurate income tax filing, ensuring compliance with tax regulations, and provides a detailed breakdown of financial performance.
Related Articles
How does the Tax P&L Report help with income tax filing?
The Tax P&L Report assists with income tax filing by providing: Accurate Reporting: Detailed breakdown of profits and losses, ensuring all relevant information is included in your tax return. Compliance: Helps comply with tax regulations by ...
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 ...
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 ...