Capital Gains Tax Calculation on ClearTax For Paytm Users

If you have sold any of your mutual fund investments and/or stocks and are filing your taxes with Capital Gains this year, you can try it out yourself at Cleartax. The manual process of filling in all the capital gains details on other platforms makes the return filing process cumbersome and laborious. At the same time, ClearTax allows you to do it instantly without any hassles.

ClearTax has integrated with all the country's top brokerages, such as Paytm Money, 5Paisa, ICICI Direct, Groww, etc., to simplify capital gains calculations. If you transacted with stocks or mutual funds in the last financial year, log in now to ClearTax and experience revolutionary technology that calculates your taxes in seconds.

 Steps to File Capital Gains Taxes for PayTM Users in Cleartax

Step 1: Go to the www.cleartax.in link. Log into your account with your credentials, or if you are new here, create an account. Link your PAN number to the Cleartax website to get your pre-filled tax return.

Step 2: After logging in, the first step is to link your PAN by entering your PAN and Date of Birth. Complete OTP verification using ‘IT Department registered mobile number’ or ‘Aadhaar registered mobile number’. 

Step 3: After linking your PAN, you can have your personal and salary details auto-filled. All you have to do is an OTP verification to prefill the information. So click on the ‘Proceed’ button to do an OTP verification.

Note: If you skip the pre-fill option, you have to manually enter the details.

Step 4: After successful OTP verification, fill in the Capital Gain Section. You can capture your capital gains details in seconds, just go to the ‘Income Sources’ and click to add details as shown on the screen.

Step 5: It will take you to the ‘Income from Capital Gains’ page where you can click on the ‘Paytm Money’ icon.

Step 6: You will now be redirected to a new tab where you can log in to your broker’s account. After successful login, all your capital gains details will be fetched automatically.

That’s how you can fill up thousands of capital gains details automatically in a single click through the ClearTax platform. 

Step 7: You will be able to see a summary of capital gains and losses. Any intraday trading transactions during the year will be captured automatically as business income under the ‘Speculative Income’ section.  
 

Step 8: You can also see that all the individual transactions are automatically captured and grouped into long-term and short-term capital gains. 

Step 9: Click on ‘Finish Filing’ and proceed to ‘E-verify your Return’

Enter your OTP and verify your tax return

Step 10: Now your E-verification is successful