How to Download Capital Gains Statement and Upload it on ClearTax platform for ITR Filing

Reporting capital gains transactions while filing Income Tax returns can be complex and tedious. Moreover, if you have invested in multiple mutual fund schemes through Systematic Investment Plans (SIPs), then reporting the details of each SIP can be time-consuming and tedious.

Well, ClearTax has a solution for you. You can file returns with ClearTax and import multiple equity and mutual funds transactions and calculate capital gains tax in seconds! Simply follow the steps mentioned below.

Step 1: Download Demat Account Statement of a Mutual Fund

ClearTax supports auto-reading tax reports for capital gains of the platforms like 5Paisa, ICICI Direct, Zerodha, CAMS, Kfintech, Groww, Paytm Money, and many others. So to capture capital gains transactions generated by these brokers or fund houses, you need to first download the capital gain statement from the broker site.

You can receive the capital gain statement, online or offline, from respective mutual fund houses. For example, If you have invested through Zerodha, you can download the capital gains statement online by login into their official website. And download the P&L reports as shown below.

Now, select the relevant assessment year for which you want to update the capital gains transactions. For example, for transactions from 1st April 2021 to 31st March 2022, select FY 2021-22.

After submitting such a request, you will be able to download the capital gains summary report.

Step 2: Download the Consolidated Account of all the Mutual Fund Transactions 

If you are investing in multiple platforms, you can get a consolidated mutual fund statement of all the mutual funds from the depositories like CAMS and Kfintech.

For example, to get a capital gains statement from CAMS, go to the webpage of CAMS and tap on ‘Capital Gain/Loss statement’ under the ‘Statements’ tab.

Now, provide details in the required fields. Choose the correct FY from the ‘Period’ list. Enter the email ID registered with mutual funds. Enter PAN and choose the mutual fund houses from the dropdown. For ‘Delivery Option’ choose ‘Email and encrypted attachment’, and then set a password to access the capital gain statement via email. 

An email will be sent to you. You have to enter the password to view the capital gains statement.

Step 3: File Capital Gains on ClearTax

Now, you must upload the capital gain statement on the ClearTax platform. Under the capital gains tab, you can click on the link’ Click here if you sold any assets’. 

Click on the ‘Upload File’ button as shown on the screen. ClearTax supports auto-reading tax reports of various trading platforms.

You will be redirected to the capital gains summary page. Choose the report provider. For example, if you are uploading a Zerodha P&L statement, select the Zerodha Tax P&L option. Similarly, you can choose Paytm Money, CAMS excel, Karvy/KFintech excel, Upstox tax report, ICICI direct equity, Groww, and Sharekhan. 

We have also provided guides on how to download reports from various platforms in the right column. You can refer to the same to download your capital gain reports.

Now choose the Demat account statement, enter the password in the text box below if the document is password-protected, and click the ‘Proceed’ button.

That’s it. We will pull all your capital gains information from these uploaded documents and calculate your taxes. Thus, from now on, you don’t need to enter capital gains transactions manually. Isn’t it great!

This way, you can fill in thousands of capital gains transaction details in a single click through ClearTax and save so much time.