How to Download Capital Gains Statement for Income Tax Return Filing

What is a Capital Gains Statement?

Capital gains refer to the profit earned from selling assets like stocks, real estate, or bonds. Capital gains arise when the selling price of the asset is more than the purchase price. A capital gain statement is the comprehensive record of all the transactions made by an individual during a year. This statement provides details about the profit and loss that took place on the sale of assets during the financial year.

Why is a Capital Gains Statement Needed While Filing ITR?

With so many transactions during the year, tracking down all the transactions and the profit or loss from each transaction can be daunting. Moreover, taxpayers are required to report their gains and losses from capital gains in their ITR. If you have long-term capital gains, you can avail yourself of certain tax exemptions. Similarly, if you have capital losses, you can still carry them forward to the subsequent years upto eight years.

In addition to this, when providing precise information about taxable income and determining the relevant capital gains tax, it's important to include details like the purchase date, its value at purchase, the selling date, the amount received, and the net gain. A capital gains statement is a summary of all the details related to the transactions made during the relevant FY.

Therefore, it is important to download your capital gains statement and keep it handy before filing your ITR.

How to Download Capital Gains Statement for ITR Filing?

While it is important to note that the exact process of downloading the capital gains statement may differ from broker to broker, we are providing you with a general step-by-step guide to help you download the capital gains statement online.

Here are the steps -

Step 1. Login to Your Brokerage Account:

Open your browser and type the name of your broker. Now, visit the official website or trading portal of the broker you are engaged with. On the homepage of the broker’s portal, enter your login details, like your username and password, and click on login.

Step 2. Visit the Reports/Statements Section

Within your account dashboard, locate the tab that navigates to the account reports or document section. The names can vary for different brokers. Try to find names like reports, statements, or documents. Navigate to the reports/statements section.

Within the reports section, you might find different types of reports. Select the one that presents a summary of the P&L from capital gains or a capital gains statement.

Step 3. Select the Relevant Financial Year:

Select the financial year for which you want to download the capital gains statement. For example, if you want to file the ITR for FY 23-24, you will have to download the capital gains statement for FY 2023-24. Therefore, you have to select FY 23-24 and download the capital gains statement.

Step 4. Download the Capital Gains Statement

Click on the download button to get the statement. You can download the statement in PDF, Excel, or CSV formats. Choose the format you prefer and save the file on your computer at a location of your choice.

Step 5. Evaluate the Report

Open the downloaded file and review it thoroughly to see if any important information is missing. Now, compare this statement with your records.

You can follow the above steps and download your capital gain statement easily in no time. Once you have downloaded your capital gains statement, you are now ready to file your income tax return.

ITR filing with Tax2win is super easy and can be completed in less than 4 minutes. Tax2win’s AI-integrated, smart, and intuitive software automatically selects the applicable ITR form and auto-populates most of your information, thereby reducing manual efforts. Simply upload your capital gains statement and file your ITR. File ITR Now!