How to Download Motilal Oswal P&L Statement and Upload for ITR Filing Online: Step-by-step Guide

Motilal Oswal company offers investment products such as stocks, derivatives, mutual funds, insurance, gold and fixed income securities. In order to help investors track their transactions and file income tax returns, this platform provides Profit and Loss statements, which is also called Capital Gain. The reports summarise all gains during a financial year and classify them into short-term and long-term capital gains. 

How to Check and Download the Profit and Loss Statement in Motilal Oswal?

Here is a stepwise guide for checking and downloading a profit and loss statement from Motilal Oswal.

1. Visit the Motilal Oswal investment portal and sign in to your account by entering your credentials (User ID and password).
2.  On the homepage, click on the ‘Reports’ tab in the top right corner. Click on ‘ITR Reports’ under the ‘Operational Reports’ tab. 
3.  Once you click on ‘ITR Report’, a confirmation prompt will appear on your screen stating that your ITR report for the current financial year and previous financial year will be shared via mail. Click “Ok” to proceed.
4. Shortly, you will receive a mail from Motilal Oswal on your registered email ID and the ITR report attached. Download the zip file to your computer.
5.  Once you have downloaded the zip file on your computer, unzip the same. You will find a zip folder inside named ‘Capital Gain Loss Summary Report’. Extract the same to view the capital gain report in an Excel file.

How to Upload Motilal Oswal P&L Statement and File ITR on Cleartax?

After downloading the P&L statement, upload the same on Cleartax and file your tax returns by following these steps:

1. Sign up on the Cleartax portal and navigate to the ‘Income Sources’ section. Then, under ‘Capital Gain Income’, click ‘Add Details’.
2. A list of brokerage platforms will appear on your screen. Click on ‘Motilal Oswal’ from the list.
3. Click ‘Browse Files’ to upload the P&L Statement you downloaded on your device. Cleartax will now read and analyse the data from the Excel file and fill it up with the required data automatically. 

Alternatively, you can upload the  Motilal Oswal P&L statement using the Cleartax template by following the below steps:

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.
2. Scroll down and click on the ‘Use Cleartax Template’ button under the ‘Don’t see your brokers above? Use Cleartax template’ heading.
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. 

A profit and loss report/statement is necessary for traders and investors. Manually entering the data is way too hectic and time-consuming. The above steps will allow you to easily download a P&L statement from Motilal Oswal and file ITR easily. Further, Cleartax processes 1000s of transactions in seconds and calculates complex taxes in a minute. 

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