How to download Paytm Money P&L statement and upload for ITR filing online?

Paytm Money is an emerging digital platform for traders to participate in the stock market. This platform brings to the plate only direct mutual fund investments for traders. With no hidden charges, Paytm Money promotes a feasible and smooth investment journey for all investors. As an investor, you will also get valuable insights and tips on how to improve your capital gains with Paytm Money. 

Furthermore, you will find a detailed record of your investments with the Paytm Money Profit and Loss (P&L) statement. A P&L or capital gain/loss statement is a comprehensive report that records a person’s investments, returns and capital gains for a specific time. Capital gains are the profit you make on selling assets under your possession. These assets include stocks, mutual funds, real estate, commodities, etc. For an extended holding period, investors earn long-term capital gains; for short holding periods, the capital gains are termed short–term. 

If you are investing in assets with Paytm Money, the P&L statement is mandatory for filing your Income Tax Return (ITR). You can directly upload your Paytm Money P&L statement on Cleartax in just a few seconds and file your ITR within minutes. 

Here are the 3 ways through which you can upload your Paytm Money P&L statement on Cleartax.

1. Directly uploading Paytm Money P&L statement on Cleartax

Follow the steps below to directly upload your Paytm Money 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 ‘Paytm Money’.

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

Step 5: Login to your Paytm Money account by entering your email ID/mobile number and password. Your capital gains statement will be uploaded in seconds.

2. Downloading the Paytm Money P&L statement and uploading it on Cleartax

Follow the steps below to download your Paytm Money P&L statement from Paytm Money website and upload it on Cleartax:

Step 1: Login to your Paytm Money account using your email ID/mobile number and password.

Step 2: A new page will open. From the left-hand side menu, click on ‘Stocks and ETFs’.

Step 3: Click on the profile icon present on the extreme top-right corner.  

Step 4: Click on the ‘Statements’ option present on the left-hand side menu. 

Step 5: From the ‘Statement Type’ dropdown, select the ‘Tax P&L’ option. 

Step 6: Here, select the financial year as ‘2022-23’ and click on the ‘Download’ button. The P&L statement will get downloaded in Excel format. 

Step 7: 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 8: From the list of brokers, select ‘Paytm Money’.

Step 9: Click on the ‘Browse Files’ button.

Step 10: Upload the reports you have downloaded from Paytm Money’s website. Cleartax will read the information and import the data for ITR filing within seconds. 

3. Uploading Paytm Money P&L statement using Cleartax template

When you cannot upload the Paytm Money P&L statement as per the above two ways, there is an alternative way to upload it using the Cleartax template. Here are the steps to upload your Paytm Money 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 Paytm Money P&L statement within minutes. You can enter this information manually; however, this might be quite time-consuming and lead to errors. To avoid such instances and hectic procedures, Cleartax allows you to upload the Paytm Money 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.