Track Taxable Income from your Trading
Monitoring your taxable income from trading is essential for accurate tax filing. Once you have connected or added your broker accounts and settlements, you can access a detailed breakdown of your Profit & Loss (P&L) and tax-related insights.
How to View Your Taxable P&L
- Ensure Your Accounts Are Added
- If you haven’t linked your accounts yet, follow the steps to add them.
- Navigate to Tax P&L
- Click on Tax P&L from the dashboard.
- Apply Filters
- Filter by a specific broker account or view consolidated data across all accounts.
- Select the financial year (FY) for which you want to analyze taxable P&L.
Key Sections in Tax P&L
This section categorizes your trading income across different asset classes, aligning it with relevant tax groups.
- LTCG (Long-Term Capital Gains)
- STCG (Short-Term Capital Gains)
- Intraday Income
- F&O Income (Futures & Options)
Each category displays your realized gains or losses for the financial year.
➡️ Tip: Click View C/G Breakdown to check the applicable tax rates for each income type.
2. Loss Adjustment Section
This section enables you to offset eligible losses against taxable gains, helping to reduce your overall tax liability.
Key Components:
- Net Realized P&L – Total profit or loss before adjustments.
- Realized P&L Breakdown – Profit or loss before expenses are deducted.
- Expenses – Brokerage and transaction charges.
- Loss Adjustment:
- Long-Term Capital Loss (LTCL) – Offset only against LTCG.
- Short-Term Capital Loss (STCL) – Offset against both STCG and LTCG.
- F&O Loss & Intraday Loss – Adjusted as per tax regulations.
- (Click here to learn more about loss adjustment.)
📌 LTCG Loss Adjustment Tip:
Refer to the flow diagram to see how losses are adjusted—LTCL applies only to LTCG, whereas STCL has more flexible application options.
3. Taxable P&L Summary
At the bottom of the P&L tab, you’ll find a final breakdown of your taxable income after all adjustments.
Summary Includes:
- Final Taxable Income – After offsetting eligible losses.
- Carry Forward Losses – Losses that couldn’t be adjusted can be carried forward for up to 8 years.
- Breakdown by Income Type:
- LTCG, STCG, Intraday, and F&O
- Corresponding turnover and taxable income
This final section provides the crucial figures required for income tax return (ITR) filing.
Have Questions?
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