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

On ClearTax, you can now import 1000s of capital gain transactions by uploading a capital gains statement obtained from your broker’s platform. All your sales transactions of shares and mutual funds will be analysed and automatically segregated into long-term capital gains, short-term capital gains, business income, or speculative income within minutes. They will automatically be captured on ClearTax. Here’s a guide on importing capital gains transactions through your HDFC Securities account.

Login

Step 1: Visit ClearTax, click on the ‘Login’ and enter the login details.

Link your PAN

Step 2: After logging in, link your PAN by entering your ‘PAN’ and ‘Date of Birth’. Now, choose a method for verifying OTP – either through ‘Aadhaar registered mobile number’ or ‘IT Department registered mobile number’.

Enter OTP and verify.

Pre-fill personal and salary information

Step 3: Save yourself the hassle of manual entries. We will pre-fill all your personal and salary details. To have all these details pre-filled, proceed to verify OTP.

Note: You may skip the pre-fill option and manually enter the details.
On the next screen, you will see a preview of your personal details. Ensure all the details are correct.

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

On 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 HDFC Securities platform (Refer to FAQs for a step-by-step guide).

Here, click on ‘upload file.’

Now select the ClearTax template from the dropdown menu. And upload the file by clicking on ‘choose file’. Then click ‘Proceed’.

After uploading, you will see a summary of your short-term and long-term capital gains and losses. Speculative income (e.g., intra-day trading), if any, will be captured automatically in the ‘Business Income’ section under the ‘speculative income’ head. You may edit these sections.

Scroll down, and you will see all the individual transactions captured and grouped into long-term and short-term capital gains automatically. If you wish to make any changes, you can also edit or delete them.
This way, you can save a lot of time and energy in computing capital gains and their taxes.

Frequently Asked Questions

How to Access/download HDFC Securities P&L statement

You can download the profit and loss statement from the HDFC Securities website. Follow the steps below to fetch this statement:-

• Log in to your account on the HDFC Securities platform
• From the ‘Portfolio’ dropdown, select ‘Profit & Loss’ under the statements section
• Now, select the financial year you want to file ITR for, the Asset Type and other required filters and click on ‘Submit’.

Note: You can also get your quarterly dividend amounts by adjusting the dates for filling up the Other Income section.

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

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

ITR form should be chosen based on the various income sources you earn money from. If you trade in equity shares and mutual funds, such income falls under ‘income from capital gains’, and you can file ITR-2. However, if you are into intraday trading or F&O, you should report it under the head ‘Income from Business and Profession’ and file ITR-3. You need not worry about choosing the right ITR form while filing returns on ClearTax. It is automatically selected for you as per your financial 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, CAMS, Karvy, Sharekhan, ICICI direct, Zerodha, Upstox, etc. You can upload the capital gains statement obtained from all these brokers, and the ClearTax platform will parse it and auto-prepare the return.

How does tax-loss harvesting work when I file through ClearTax?

You can add the details of the previous year’s losses/depreciation on ClearTax. Then previous year’s loss (brought forward loss) is automatically adjusted with the current year’s income if eligible for set off as per the Income Tax rules.

Can I also add my other incomes while filing through ClearTax?

While filing ITR through ClearTax, you can add income from salary, rental income, business and profession income, profits from intraday trading, gains from equity and debt mutual funds, interest income, dividends, lottery winnings, commissions, etc.

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