How to Download Reliance Securities P&L Statement and Upload for ITR Filing Online: Step-by-Step Guide

Reliance Securities is the broking and distribution segment of Reliance Capital. This organisation is one of India’s biggest brokerage firms offering various investment solutions like stocks, bonds, currencies, IPOs, commodities, corporate FDs, mutual funds and more. 

It has a pan-Indian presence with approximately 1,700 branches, serving the financial needs of over 1 million customers. This company aims to change the way people avail financial services and transact in financial markets. Additionally, this brokerage firm strives to facilitate wider market participation through offline trading options like Branch Dealing Desks, Call and Trade, Live Chat, Call and Trade, etc.

Now, the platform hosts a range of features which allow users to track their financial performance. This includes capital gains statements, which individuals can download by following a few simple steps. It comes in very handy when investors wish to file their yearly income tax returns.  

Reliance Securities Profit and Loss (P&L) Statement

All income (including profits and losses) you get from the sale of assets like stocks, bonds, mutual fund units, etc., fall under the ‘Income from Capital Gains’ head of the Income Tax Return. Capital gains can be classified as short and long-term depending on the holding period, i.e., from the time you buy the assets till you sell them.

Thus, when you file your income tax returns, you must include your capital gains statements for accurate tax calculation. Thus, Reliance Securities allows all its clients to download their P&L statements for the financial year of their choice.  

How to Check and Download Profit and Loss Statements from Reliance Securities?

The steps to check and download your capital gains statements from Reliance Securities are as follows:

Step 1: Visit the official website of Reliance Securities. 

Step 2: Log in to your account with your credentials. 

Step 3: Click on the user menu in the top-right corner of the screen. 

Step 4: Click ‘Reports’ and select ‘Historical Reports’. 

Step 5: Tap ‘Profit & Loss Report’ and choose ‘FY 2022-23’. 

Step 6: Click ‘Tax Profit & Loss’ on the drop-down menu on the right side of the screen. 

Step 7: Tap on ‘View’ and select the Excel symbol to download the P&L report. 

Your capital gains statements will get downloaded in an Excel format. 

How to Upload Reliance Securities P&L Statement and File ITR via Cleartax?

Here are the steps you can follow to upload your P&L statements and file your income tax returns on Cleartax:

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: A list of brokers will appear on your screen. Here you have to click on the ‘Reliance Securities’ icon. 

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

Step 4: Cleartax will read and analyse the Reliance Securities P&L statement and fill up the ITR details automatically.

 Alternatively, you can upload the Reliance Securities 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. 

Timely filing of income tax returns is the duty of every taxpayer. It helps avoid last-minute rush and reduces the chances of incurring penalties for late filing. Additionally, Cleartax’s automatic data entry system ensures accurate updating of your capital gains information in your ITR. 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.