How to download Angel One P&L statement and upload for ITR filing online?

Previously known as Angel Broking Limited, Angel One is a traditional stock broking firm established in 1996. This firm has been a member of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), National Commodity and Derivatives Exchange of India (NCDEX) and Multi Commodity Exchange of India (MCX).  

With its online platform, Angel One aims to assist any individual in securing a financial future from investments in the share market. It is developing new-age technologies to attract Gen Z with a smooth user experience and various discounts/deals. 

One can easily create a Demat and trading account with Angel One and start investing in stocks or mutual funds. You can also keep track of their transaction by studying your profit and loss statement.

Angel One Profit and Loss (P&L) Statement

A profit and loss statement or P/L statement is a financial document that states a person/ company’s total revenue, expense and costs over a specific period. From an investor's perspective, a profit and loss report allows an individual to gain insight into his/her capital gains over time. 

Companies and businesses need to monitor their P/L reports periodically. It allows them to stay on the same page with their business's ability/inability to generate profit by either increasing revenue, lowering costs, or both. 

A P/L statement is an essential document for filing your ITR.  With this document, you can also analyse your capital gains and losses through a given period and compare them with past years. If you have an account with Angel One, you can download this report from the stockbroker’s official website.

How to Check and Download the P&L Statement from Angel One?

Follow the steps below to download and check your P/L statement from Angel One: 

Step 1: Visit the Angel One website. 

Step 2: Log in to your Angel One Demat account with your credentials and PIN. 

Step 3: The My Account page will open. Navigate to the dashboard and click on the ‘Profit and Loss’ section. Next, click the ‘Tax P/L’ under the 'Profit and Loss' section. 

Step 4: Choose the financial year as ‘2022-2023’.

Step 5: Click on ‘Download’ to save your Angel One P/L report on your device. You will notice that this document will be downloaded as an Excel sheet. 

How to upload Angel One P&L statement and file ITR for Angel One trading?

Following these steps to upload your P/L statement on ClearTax to file income tax returns:

Step 1: Sign up on the Cleartax portal and navigate to the ‘Income Sources’ section. Then, under ‘Capital Gain Income’, click ‘Add Details’. 

Step 2: You will find a long list of brokers on the next page. Choose ‘Angel Broking’ from the given list.

Step 3: Now, upload the Angel One P&L statement by clicking on ‘Browse Files’. ClearTax will scan this document and import the necessary information.

Alternatively, you can upload the Angel One P&L statement using the Cleartax template by following the below steps:

Step 1: Log in or sign up on the Cleartax portal and navigate to the ‘Income Sources’ section. Click on the ‘Add Details’ button under the ‘Capital Gain Income’ heading.

Step 2: Scroll down and click on the ‘Use Cleartax Template’ button under the ‘Don’t see your brokers above? Use Cleartax template’ heading.

Step 3: Download the template by clicking on the ‘Download Template’ button in the first step. Enter the details of your capital gain investments as instructed in the template and upload the template by clicking on the ‘Browse Files’ button. Cleartax will read your transactions and calculate your capital gains details within minutes. 

By uploading your Angel One profit and loss statement in the ClearTax portal, filing ITR becomes less time-consuming. This is because; you no longer have to manually enter these details. Further, Cleartax processes 1000s of transactions in seconds and calculates complex taxes in a minute. 

File your ITR now with Cleartax and take taxes off your mind.