How To Download ICICI Direct P&L Statement And Upload For ITR Filing Online?

ICICI Direct offers retail trading and investment services in India through its online portal. People can also invest in various financial products by visiting an ICICI Direct branch across the country.

ICICI Direct offers the opportunity to invest in mutual funds, stocks, ETFs, currencies, IPOs, futures, options, and more. The stockbroker offers a safe space for investors to focus on capital growth with secured processes and user-friendly experiences. If you are a new investor, ICICI Direct can make your investment journey easier. 

But you need to keep track of your investments to achieve your financial goals and file Income Tax Returns (ITR). For any investments with ICICI Direct, you will find this information on the profit and loss (P/L) statement on its website.

Here’s how to download this statement and file ITR with it.

ICICI Direct Profit and Loss (P&L) Statement

Capital gains are those profits that a person earns from the sale of capital assets. These may include anything from mutual funds, real estate or stocks.

You can make capital gains based on the difference between an asset's selling price and purchase price. The holding period of such assets also impacts your capital gains. That's why these gains are classified as long-term or short-term capital gains. 

A Profit and loss or capital gain statement has following information

1. Purchase Date
2. Sale Date
3. Purchase Value
4. Sale Value
5. Expenses w.r.t to transfer like brokerage
6. Capital gain

A profit and Loss statement is also required to track your investments with ICICI Direct. You also need these details to file your ITR correctly. However, manually entering these details can be quite hectic and time-consuming. You can directly upload your P/L statement to ClearTax’s portal to save time.

How to Check and Download the Profit and Loss Statement in ICICI Direct?

Follow the below steps to check and download your profit and loss statement from ICICI Direct: 

Step 1: Visit the online portal of ICICI Direct and log in with your credentials.

Step 2: On the top menu bar, click on ‘Portfolio’. Then, click on ‘Equity’ or ‘Mutual Fund’ under the ‘Capital Gains’ section. You must download Equity, and Mutual Fund reports separately if you have invested in both assets. 

Step 3: If you have selected ‘Equity’, click on ‘View Capital Gains - Tradewise’ on the next page.

Step 4: Select the period as 20232-20243, and click on the ‘View Details’ button.

Step 5: Download it in ‘CSV’ format. 

Step 6:  If you have selected ‘Mutual Funds’, select the time period as ‘2023-2024’, type as ‘Scheme Wise’ and download the CSV Report.

How to Upload ICICI Direct P&L Statement and File ITR for ICICI Direct Trading?

Below are the steps below to download your P&L statement from ICICI Direct and upload it on ClearTax for ITR filing:

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 ‘ICICI Direct’ icon.

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

Alternatively, you can upload the ICICI Direct 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. 

Investors can follow the above steps to easily download their profit and loss statements for their stocks and mutual fund investments on ICICI Direct. They can further upload them to ClearTax’s portal to instantly import their investment data for filing ITR. This process saves time and allows you to avoid any errors that may happen with manual entries. 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.