How to Download Capital Gain Statement from ICICI Direct?

What is the Meaning of Long-term and Short-term Capital Gain?

Capital gains refer to any gains arising on the sale of capital assets like equity, equity-oriented products, and real estate. Investment in equity shares can be made on both short-term and long-term basis.

• Long-term Capital Gains - Profits arising on the sale of a capital asset that has been held for more than 36 months are known as long-term capital gains.
• Short-term Capital Gains - Profits arising on the sale of capital assets that have been held for less than 36 months are known as short-term capital gains.

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What is the ICICI Direct Profit and Loss Statement?

Capital gains occur when individuals sell capital assets such as mutual funds, real estate, or stocks, earning profits from the transactions. These gains depend on the difference between the selling price and the purchase price of the asset, and the duration for which the assets are held determines whether they are categorized as long-term or short-term gains.

A statement of profit and loss or capital gain and loss summarizes the performance of investments in such assets and their corresponding income. This statement records transactions related to investments over a specific period, aiding in effective financial planning. It's beneficial to retain these statements over time and analyze them to enhance investment strategies. To manage investments with ICICI Direct and accurately file income tax returns (ITR), individuals need to maintain such details.

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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 Download the Capital Gain Statement in ICICI Direct?

To check and download your profit and loss statement from ICICI Direct, follow these simple steps:

• Step 1: Log in to the ICICI Direct online portal using your credentials.
  
  
• Step 2: Click on ‘Portfolio’ from the top menu bar, then choose either ‘Equity’ or ‘Mutual Fund’ under the ‘Capital Gains’ section. Remember to download reports separately for Equity and Mutual Fund investments, if applicable.
  
  
• Step 3: If you've chosen ‘Equity’, click on ‘View Capital Gains - Tradewise’ on the following page.
  
  
• Step 4: Set the period as 2023-2024 and click on the ‘View Details’ button.
  
  
• Step 5: Download the statement in ‘CSV’ format.
  
  
• Step 6: If you've opted for ‘Mutual Funds’, select the time period as ‘2023-2024’, choose ‘Scheme Wise’ as the type, and download the CSV Report.
  
  

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How to Upload ICICI Direct P&L Statement on Tax2win?

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

Alternatively, you can also upload ICICI Direct 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.
  
  

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How to Login to ICICI Direct?

• Fill in your PAN, Date of Birth, and Name, then click on ‘Next’.
• Enter your email address, mobile number, and pin code.
• Verify your identity by entering the OTP sent to your registered mobile number.
• Set a new login password.
• Link your ICICI Bank account by providing your account number and clicking on ‘Next’.
• If you don’t have an ICICI Bank account, click on Continue and grant access to DigiLocker by logging into your DigiLocker account.
• Complete the DigiLocker Identification process and click on ‘Continue’.
• Upload your PAN card and photo, along with personal and financial details.
• Undergo an In-Person Verification (IPV) using your webcam.
• E-sign using your Aadhar Number to finalize registration.
• After 24 hours, return to the ICICI Direct website and log in to your account.
• Visit the ICICI Direct website.

Now that you know how to download a capital gain statement from the ICICI direct website, it will become easier for you to keep track of your capital gains income and taxes. And if you are among those who find capital gains complicated, then don’t worry. Our tax experts can help you manage your capital gains taxation. Book a Tax Consultation now and get all your capital gains tax queries answered.

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