How to Download IIFL Securities P& L Statement?

What is IIFL Securities P&L Statement?

The IIFL Securities P&L statement you can access pertains specifically to your investment activity with them. It details all your buying and selling transactions, including the price you paid for securities and the price you sold them at. This allows you to see if you've realized any profits (by selling a security for more than you bought it) or incurred losses (selling for less than the purchase price). The statement will categorize these gains and losses based on the type of investment (equity, mutual funds, etc.) and may also differentiate between short-term and long-term capital gains depending on how long you hold the stock. This P&L information is crucial for tax purposes, as you'll need to report these realized capital gains or losses when filing your income tax return.

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How to Download IIFL Securities P&L Statement?

Once you're logged in to your IIFL Securities online platform, it's easy to view and download your P&L statement. Here's how you can view and download the IIFL capital gain statement (P&L Statement):

• Step 1. Log in to ttweb.indiainfoline.com using your credentials.
  
  
• Step 2. Click 'My Account' for a detailed overview of your account.
  
  
• Step 3. Select 'Portfolio' to view your investment portfolio.
• Step 4. Click on 'P/L Summary Realized' to see a summary of your realized profits and losses.
  
  

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Key Changes introduced in ITR forms for (AY) 2025–26

• Inclusion of Long-Term Capital Gains (LTCG) in ITR-1 and ITR-4
  Previously, taxpayers with any LTCG were required to file more complex forms like ITR-2 or ITR-3. Now, individuals with LTCG up to ₹1.25 lakh from listed equity shares or equity mutual funds under Section 112A can file using the simpler ITR-1 (Sahaj) or ITR-4 (Sugam) forms, provided there are no carried forward losses.
• Segregation of Capital Gains Based on Transaction Date
  The updated ITR forms now require taxpayers to report capital gains separately for transactions executed before and after July 23, 2024. This change aligns with the revised capital gains tax rules introduced in the Union Budget 2024, which, among other things, reduced the LTCG tax on real estate to 12.5% without indexation from the previous 20% with indexation.
• Reporting of Buyback Proceeds as Deemed Dividends
  From October 1, 2024, proceeds received from the buyback of shares by domestic listed companies are to be treated as deemed dividends. The updated ITR forms require these proceeds to be reported under 'Income from Other Sources.' Additionally, the capital gains schedule should reflect zero sale proceeds, allowing the cost of acquisition to be claimed as a capital loss, which can be carried forward for up to eight assessment years.
• Enhanced Capital Gains Reporting in ITR-7
  For trusts, NGOs, and other institutions filing ITR-7, there is now a requirement to disclose capital gains separately for transactions before and after July 23, 2024. This change ensures accurate tax calculations in light of the revised capital gains tax rules.
• Increased Threshold for Asset and Liability Reporting
  In the ITR-2 form, the threshold for mandatory reporting of assets and liabilities has been raised to ₹1 crore. This adjustment aims to reduce the compliance burden for taxpayers with assets below this threshold.

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How to Upload IIFL Securities P&L Statement on Tax2win?

After downloading the capital gains statement from the IIFL 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 IIFL Securities’.
  
  
• Step 4. From the pop-up window, click on browse files and upload the P&L statement.
  
  

Alternatively, you can also upload IIFL 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.
  
  

Once you have downloaded the capital gains statement for IIFL Securities and uploaded it on Tax2win’s website, you can go ahead and file your ITR. Remember, it is mandatory to furnish your IIFL Securities P&L statement while filing your ITR to ensure accurate information about your trading and investments during the relevant financial year.

Filing your Income Tax Return with Tax2win is incredibly easy! Simply upload your IIFL Securities P&L statement and breeze through your capital gain tax filing in just minutes. Get started now.

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