ITR Filing Simplified for HDFC Securities Users: How to Upload Capital Gains Details

HDFC Securities, a subsidiary of HDFC Bank, is one of India’s most popular and trusted stock broking firms, offering a seamless trading experience focused on investors’ goals.

With multiple platforms available—online, at offices, and via telephone lines—HDFC Securities caters to diverse investor needs, offering various investment options like stocks, derivatives, mutual funds, bonds, insurance, and NCDs.

You can track your investments, returns, and losses using a Profit and Loss (P&L) statement, which not only helps in monitoring performance but is also essential when filing Income Tax Returns (ITR).

In this blog, we will guide you through the steps to download your HDFC P&L statement and upload it to the ClearTax portal for easy tax filing.

HDFC Securities Profit and Loss Statement

A Profit and Loss (P&L) statement is crucial for both individuals and businesses to monitor their investments, earnings, and losses over a specific period. It consolidates all financial transactions and provides a clear picture of the current financial position.

When individuals earn from the sale of assets like real estate, stocks, bonds, or mutual funds, these earnings are classified as capital gains. The profit from these investments is determined by factors like purchase price, holding period, and selling price.

A P&L statement helps you assess your financial standing and make informed investment decisions. For instance, if you’ve invested in stocks or mutual funds via HDFC Securities, you can use the P&L statement to analyze performance and plan future investments.

Moreover, the P&L report is essential for filing Income Tax Returns (ITR). Instead of manually entering investment data, you can simply upload the P&L statement to the ClearTax portal for quicker and more accurate tax filing.

How to Check and Download the Profit and Loss Statement in HDFC Securities?

Follow the steps below to check and download your profit and loss statement on HDFC Securities:

Step 1: Visit the HDFC Securities portal and sign in using your credentials.

Step 2: Locate ‘Portfolio’ from the toolbar and click the ‘Capital Gains’ option. 

Step 3: A new page will open; here, select the financial year as ‘2023-2024’, the period as ‘Annual’, the asset type as ‘Equity’, and ‘Detail’ and click on ‘Submit’.

Step 4:  A list will appear on your screen on a table. Click on the ‘Export Excel’ format icon on the top-right corner of the page to download the file.

How to Upload the P&L Statement from HDFC Securities and File ITR on Cleartax?

Follow these steps to upload your HDFC Securities P&L report on Cleartax and file your income tax returns:

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: You will see a list of brokers on the new page. Click on ‘HDFC Securities’.

Step 3: Click ‘Browse Files’ to upload your P&L Statement that you downloaded from HDFC Securities. Cleartax will read and import the data, making filing ITR easy. 

Alternatively, you can upload the HDFC Securities 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 the Cleartax template’ heading. Or you can also fill out the details manually.

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. 

Manually entering investment details can be time-consuming and error-prone, leading to inaccurate tax filing. By downloading your P&L statement from HDFC Securities and uploading it to ClearTax, you can eliminate manual errors. ClearTax processes thousands of transactions quickly and calculates taxes in minutes, making tax filing fast and accurate.

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