How to Download Capital Gains Report from SBI Securities and File ITR on ClearTax

ClearTax helps you compute the capital gains in minutes. Hundreds of capital gain transactions can be processed with a single click. Upload your capital gains statement from your broker’s platform, and all your equity and mutual fund transactions will be analysed. The data will automatically be segregated into long-term capital gains, short-term capital gains, business income or speculative income within minutes and captured on the ClearTax platform. Here’s a guide on capturing capital gains transactions through your SBI Securities account.

Login

Step 1: Log in to your account on the ClearTax platform.

Step 2: Choose from the various plans available and click on the ‘start filing’ button.

Linking PAN

Step 3: Now, link your PAN by entering your ‘PAN’ and ‘Date of Birth’. Choose the number on which you want to receive the OTP – either ‘Aadhaar registered mobile number’ or ‘IT Department registered mobile number’.

Step 4: Enter the OTP received and click ‘Verify OTP’. Now that your PAN is linked, you may proceed to file your ITR.

Pre-fill personal and salary information

Step 5: We will pre-fill all your personal and salary details. Save yourself the hassle of manual entries. All you need to do is an OTP verification.

Note: You may skip the pre-fill option and manually enter the details.

Step 6: Here, a preview of your personal details will appear. Ensure these details are correct.

Step 7: If you want to modify or include any information, you can go to the ‘Personal Info’ tab and make the changes.

Capturing capital gains transactions

Step 8: In the ‘Income Sources’ tab, you must fill in all your income details. To capture capital gain information from your SBI Securities account, go to the ‘Capital Gain’ section and click on ‘Click here if you sold any asset’. 

Step 9: From the next page, download the ClearTax Excel template and fill in all the details from the P&L report. You may download the P&L report from the SBI Securities platform. (Refer to FAQs for a step-by-step download guide)

Step 10: Once you’ve filled the template, click on ‘upload file.’

Step 11: Select the ‘ClearTax Template’ from the dropdown list. And upload the excel template by clicking on ‘Choose File’. Then click ‘Proceed’. 

Step 12: After uploading, you will see a summary of your short-term and long-term capital gains and losses. 
If there were any speculative transactions (e.g., intra-day trading), then such Speculative Income or Loss will be captured automatically in the ‘Business Income’ section under the heading ‘Speculative Income’. You may edit these sections.

Step 13: When you scroll down the same page, you will see that the details of each transaction are captured and grouped into long-term and short-term capital gains automatically. You can easily modify them using the ‘Edit’ or ‘Delete’ option. 

Computing capital gains tax never looked this easy. But this is all it takes on ClearTax!   

Frequently Asked Questions

How to Access/download SBI Securities P&L statement

The SBI Securities mobile application only allows you to view the reports. However, you can download the profit and loss statement from the SBI Securities web portal. Follow the steps below to download this statement:-

• Log in to your account on the SBI Securities platform.
• From the ‘Portfolio’ dropdown, select ‘Profit & Loss’ under the statements section.
• Select the relevant ‘Financial Year’ for which you want to file ITR, the period and the Asset Type, and click on ‘Submit’.
• You may now download this statement by clicking on the PDF icon.

Tip: You can also get your quarterly dividend amounts by changing the period to different quarters for filling up Dividend details in the ‘Other Income’ section.

If you are filing through ClearTax, then you don’t need to do the laborious task of segregating them as long-term gains, short-term gains or business income. You will only need to copy these details on the ClearTax capital gain template and upload the template file. ClearTax will pull all your capital gains data and process them accurately. 

Which ITR form applies to SBI Securities’ users? (for both long-term investors and traders)

If you have capital gains income or loss, then only ITR-2 and ITR-3 can be used. If you trade in equity shares and mutual funds, such income will be treated as ‘Capital gains’, and you must use ITR-2. However, if you have income from intraday trading or F&O, it will be treated as ‘Business Income’. So you will need to file your return using ITR-3. 

You don’t need to worry about these forms while filing the return on ClearTax, as it picks up the correct ITR form based on your income details.

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

ClearTax has partnered with various brokers like 5Paisa, Paytm Money, Groww, Sharekhan, CAMS, Karvy, ICICI direct, Zerodha, Upstox, etc. You can upload the profit and loss statement obtained from these brokers on the ClearTax platform, and it will parse it and auto-prepare the return.

How to set off losses when I file ITR through ClearTax?

You can add the details of the brought forward losses and depreciation on the ClearTax platform. The previous year’s loss is automatically adjusted with the current year’s income as per the Income Tax rules.

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