How to Download Karvy (aka KFIN) P&L Statement and Upload for ITR Filing Online?

Karvy (aka KFintech or KFIN) is a multinational financial services provider headquartered in Hyderabad. The company is a market leader in investor services and one of India’s biggest registrar and transfer agencies. 

It provides financial services to more than 90 million investors across India, Bahrain and Malaysia, handling more than one lakh transactions daily. KFintech mainly specialises in instant brokerage, mutual funds, alternate investment fund services, portfolio management, and private wealth management. 

Moreover, the organisation securely stores all the financial data of its clients on its server. Thanks to its easy-to-navigate user interface, investors can access their data by visiting the company's website such as profit and loss statements. 

However, as easy as this process may be, some users may find it difficult to download their P&L statements. This can become a big issue, especially when they need to access such information for filing their ITRs. Thus, to address this problem, this article covers how investors can download their P&L statements from KFIN and file their ITRs.   

Karvy Profit and Loss (P&L) Statement

Profit and loss (P&L) statements contain financial data that can be useful to investors. They can learn their total investment amount, total earnings or losses, transaction dates, profits classification into short-term and long-term capital gains, etc., within a financial year. 

By analysing these metrics, investors can learn about the performance of their portfolio, if any changes need to be made to increase returns, the effectiveness of their current investment strategy, and more.  

Profit and loss statements are also important when filing income tax returns. This is because profits generated from the sale of stocks, bonds, debentures, mutual fund units, etc., fall under capital gains. According to the Income Tax Act, they are taxable, and thus while filing an ITR, investors must report the information present in their profit and loss statements. 

KFintech (Karvy), like all other reputed brokerage platforms, enables investors to download their P&L statements for a particular time period. 

How to Check and Download P&L Statement from Karvy?

If you are a Karvy user, here is how you can download your profit and loss statement:

Step 1: Visit the official website of KFintech/Karvy. 

Step 2: Under ‘Period’, set the Financial Year (FY) as ‘Previous FY’. 

Step 3: Fill in your e-mail ID and PAN. The system will send the report to your linked email address. 

Step 4: In the Mutual Funds section, click on ‘All Funds’. 

Step 5: Under Statement Format, select the format you want to download your P&L statements. 

Step 6: Enter a password in the ‘Password’ and ‘Confirm Password’ sections. 

Step 7: Click on ‘Submit’. The system will send your capital gains report to your email ID. 

You can now download the report from your email ID for uploading and filing the ITR. 

How to Upload Karvy P&L Statement and File ITR for Karvy trading on ClearTax?

The steps to upload your Karvy P&L statements for ITR filing via ClearTax are given below:

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 see a list of brokerage platforms. From the list, choose Karvy (KFintech). 

Step 3: Click on the ‘Browse Files’ button.

Step 4: Upload the Karvy P&L statement. Cleartax will read the information and import the data for ITR filing. The system will automatically read your report and enter your capital gains details for ITR filing. 

Alternatively, you can upload the Karvy 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. 

You can quickly download your P&L statements from Karvy (KFIN) by following the above steps. You can enter this information manually; however, this might be quite time-consuming and lead to errors. Cleartax allows you to upload the Karvy (KFIN) P&L Statement to avoid such instances and hectic procedures. 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.