How to File ITR for HDFC Securities? - Download the HDFC Securities Capital Gains Statement
How to Download the HDFC Securities P&L statement?
Updated on: 08 Aug, 2024 01:32 PM
As more people delve into investments like Stocks, Mutual Funds, and Futures & Options (F&O), the need for accurate tax P&L statements when filing income tax returns becomes crucial.
In any financial year, traders or investors engage in transactions that can lead to capital gains or losses. Capital gains refer to profits or losses incurred from the sale or transfer of capital assets. Similar to other forms of income, these gains are taxable in India under the Income Tax Act, 1961.
HDFC Securities, a subsidiary of HDFC Bank, stands as one of India's most popular and leading stock broking firms. Prioritizing investors' goals, HDFC Securities ensures a seamless trading experience across various platforms, including its online site, offices, and telephone lines.
Downloading HDFC Securities capital gain statement, though essential, can sometimes feel daunting and complex. This article provides a detailed guide on how to download the profit and loss statement via HDFC Securities.
HDFC Securities Profit and Loss (P&L) Statement
A P&L statement is your financial compass, helping you understand your current financial status and plan your investments wisely. With HDFC Securities, you can track and compare your stock or mutual fund investments over different periods. This insight allows you to evaluate their performance in the current market and make informed decisions on where to invest next.
This statement not only helps in the convenient filing of Income tax returns but also helps in the internal analysis of investments and their performances. Hence, HDFC Securities enables customers to download computer-generated profit and loss (P&L) statements to make things more convenient.
Step 2. Click on Portfolio and choose Profit and Loss statement
Step 3. Select the “Financial year”,period as “annual”, “equity” as asset type and choose “details” option.
Step 4. Click on “export” excel icon and download the statement.
How to Upload HDFC Securities P&L Statement on Tax2win?
After downloading the capital gains statement from the HDFC securities website, follow these steps to upload it on the Tax2win’s website.
Step 1. Visit the Tax2win page, and select File your return.
Step 2. Now select ‘capital gains’ as your source of income and click on continue.
Step 3. Now, navigate to the ‘Capital Gains’ section. Click on ‘HDFC securities’.
Step 4. From the pop-up window, click on browse files and upload the P&L statement.
Alternatively, you can also upload HDFC Securities P&L using the Tax2win template.
Step 1. Click on the Tax2win Template.
Step 2.
Click the 'Download Tax2win Template' button in the first step to download the template. Fill in your capital gain investment details as instructed in the template. Then, upload the completed template by clicking the 'Browse Files' button. Tax2win will read your transactions and calculate your capital gains details within minutes.
Downloaded HDFC Securities capital gain statement? Now, simply upload your HDFC SecuritiesP&L statement on Tax2win and breeze through your capital gain tax filing in just minutes. Get started now.
Frequently Asked Questions
Q- What is a Capital Gain Statement?
A Capital Gain Statement is a document that summarizes the profits or losses from your investments in securities over a specific period. It helps in calculating the tax liability on your capital gains.
Q- How can I download my Capital Gain Statement from HDFC Securities?
To download your Capital Gain Statement:
Log in to your HDFC Securities account.
Navigate to the 'Reports' section.
Select 'Capital Gain Statement.'
Choose the desired time period and download the statement.
Q- What information is included in the Capital Gain Statement?
The statement includes details such as:
Purchase and sale dates of securities
Purchase and sale prices
Short-term and long-term capital gains or losses
Applicable taxes
Q- Are there any charges for downloading the Capital Gain Statement?
HDFC Securities does not charge for downloading the Capital Gain Statement.
Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.
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