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

By Mayashree Acharya

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Updated on: May 31st, 2024

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8 min read

Zerodha, a Bengaluru-based brokerage firm, is said to be the first discount broker in India. It is registered with the Securities and Exchange Board of India (SEBI) and is a member of NSE, BSE and MCX-SX. Zerodha enables its customers to download automatically generated profit & loss reports for the purpose of filing Income Tax Returns (ITR).

However, viewing or downloading profit & loss reports can often get confusing among customers. This article will discuss the procedures involved in downloading a profit and loss (P&L) report, filing ITR on Cleartax and more.

Zerodha Profit and Loss (P&L) Statement

Profit and Loss (P&L) statement, also known as a capital gains statement, is a summary of all transactions of shares, bonds, and mutual fund units and the profits earned from the same, along with the dividends received during a certain period. 

Like any other broking house, Zerodha allows customers to download profit and loss reports of a particular financial year. Calculating the capital gains earned is important as it is taxable under the Income Tax Act. It also helps keep track of gains and losses in that entire financial year.

You can track several details like transaction date, gain or loss made from sales and classification of capital gains, including short-term and long-term capital gains. 

 

How to Check or Download the Profit and Loss Statement from Zerodha?

Below is a step-by-step guide to check and download the profit and loss report/statement from the Zerodha Console website:

Step 1: Visit the Zerodha Console website and click on ‘Login with Kite’ button. 

Step 2: Login in by entering your user ID and password.

Step 3: On the console's homepage, click on the ‘Reports’ section in the top navigation bar.

Reports on Zerodha

Step 4: A drop-down menu will appear on the screen. Click on ‘Tax P&L’ from this list.

Click on Tax P&L on Zerodha

Step 5: Select the financial year as ‘2023-2024’, choose Q1 to Q4 quarter and click on the blue arrow.

Select FY for Tax P7L on Zerodha

Step 6: The ‘Tax P&L’ report will open. Click on the ‘Download trade-wise tax P&L report for all segments’ to download the P&L statement.

Download Tax P&L report
Tax P&L on Zerodha

How to Upload Zerodha P&L Statement and File ITR for Zerodha Trading on Cleartax?

Step 1: After downloading the Zerodha P&L statement, 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.

Income sources on cleartax

Step 2: From the list of brokers, select ‘Zerodha’.

list of brokers on Cleartax

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

Import from Zerodha

Step 4: Upload the Zerodha P&L statement downloaded from the Zerodha Console website. Cleartax will read the information and import the data for ITR filing. 

Alternatively, you can upload the Zerodha 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. 

The entire process of downloading a profit and loss statement/report and filing the same for tax returns can often get confusing. However, by following the above simple steps, you can upload your Zerodha P&L statement within minutes. 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.

Frequently Asked Questions

How to Access/download Zerodha income tax documents/ P&L statement?

You can download the profit and loss statement from the Zerodha Console website. Follow the steps below to fetch this statement:-

  • Visit the Zerodha Console website.
  • Click on ‘Login with Kite’ and login with user ID and password.
  • Go to the ‘Reports’ tab and click ‘Tax P&L’,
  • Select the relevant financial year and download the statement.
Which ITR form applies to Zerodha users?

ITR form should be chosen based on the various income sources you earn money from. If you trade in equity shares and mutual funds, such income falls under ‘income from capital gains’, and you can file ITR-2. However, if you are into intraday trading or F&O, you should report it under the head ‘Income from Business and Profession’ and file ITR-3. Cleartax can help you find the right ITR form per your financial details.

What is realised and unrealised profit in Zerodha?

An unrealised profit is a theoretical profit shown in your broker’s account resulting from an investment that is not yet sold for cash. A realised profit or loss occurs when you sell an investment, and the sale proceeds are credited to the bank account.

How to file taxes if I have multiple trading accounts from different brokers?

You can upload the capital gains statement for all supported brokers in the Cleartax platform (there is a list of all brokers we support), and the platform will parse it and auto-prepare the return.

About the Author

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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Quick Summary

Zerodha is a discount broker in India offering easy downloading of profit & loss reports for tax filings. P&L statement summarizes transactions of shares, bonds, and profits. Steps to download P&L report are provided, along with guidelines to file ITR on Cleartax.

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