How to download 5paisa P&L statement and upload for ITR filing online: A Step-by-step guide

5paisa is a financial service company offering online brokerage services at a competitive rate. 5paisa was founded with a vision to make investment convenient and readily accessible to all Indians. The easy-to-use interface of 5paisa offers investors everything they need to stay on top of the share market.

Capital gain is one of the major forms of income for investors and traders. Capital gains are those earnings that result from the difference between the selling price and purchase price of an asset. This income can be categorised as Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG), based on the holding period of one’s investments.

5paisa allows its customers to generate and download the consolidated report, known as the Profit and Loss (P&L) statement, which comprises all transaction details of financial securities like shares, mutual funds, bonds, etc., and their gains or losses.

The 5paisa Profit and Loss (P&L) statement is mandatory for filing your Income Tax Return (ITR). You can directly upload your 5paisa P&L statement on Cleartax in just a few seconds and file your ITR within minutes. Here are the 2 ways through which you can upload your 5paisa P&L statement on Cleartax.

1. Directly uploading 5paisa P&L statement on Cleartax

Follow the steps below to directly upload your 5paisa P&L statement:

Step 1: Log in or sign up on the Cleartax portal and click the ‘File Now’ button.

Step 2: Complete your OTP verification and navigate to the ‘Income Sources’ section. Click on the ‘Add Details’ button under the ‘Capital Gain Income’ heading.

Step 3: A new page will appear on your screen, where you can import your profit and loss data directly from your broker. From the list of brokers, select ‘5paisa.com’.

Step 4: Click on the ‘Login & Import’ button.

Step 5: Login to your 5paisa account by entering your User ID. Your capital gains statement will be uploaded in seconds.

2. Uploading 5paisa P&L statement using Cleartax template

Here are the steps to upload your 5paisa P&L statement using the Cleartax template:

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. 

By following the above simple steps, you can upload your 5paisa P&L statement within minutes. Cleartax allows you to upload the 5paisa P&L statement directly. Plus, 1000s of transactions are processed in seconds, and complex taxes are calculated in a minute. 

File your ITR now with Cleartax and take taxes off your mind.