How to Get Your Capital Gain Statements to File Your Income Tax?

At the beginning of every financial year, investors usually spend significant time researching and selecting the best investment options. While reaping the benefits throughout the year is exciting, the end of the financial year brings the inevitable question: “How much did I earn this year?”

This often leads to the need to calculate capital gains on stocks and pay the appropriate taxes, which can be a source of stress and uncertainty. Fortunately, obtaining your Capital Gain Statement for income tax (or Tax P&L Report) from your broker can help ease this burden instantly.

In this article, we will discuss the importance of this document, update you on the latest tax rules, and guide you through the process of obtaining it. By following these steps, you can confidently get your tax P&L report for ITR filing and take control of your financial future.

What is Capital Gain Tax?

Capital Gain Tax is levied on the profits or losses you earn by selling financial assets like stocks, mutual funds, and bonds. This tax is applicable under the Income Tax Act and is charged strictly on the realized gain made from the asset’s sale.

It is important to understand the difference between realized vs unrealized gain tax in India:

• Realized Gain: You sold the asset and booked a profit. (Taxable)

• Unrealized Gain: The asset value increased, but you haven’t sold it yet. (Not Taxable)

How Much Tax Do You Have to Pay? 

The tax you pay depends on how long you held the asset before selling it. Following the changes in Union Budget 2024, here is the new structure for capital gain tax on shares India:

1. Short-Term Capital Gains (STCG)

If you sell your equity investment within 12 months of purchase, it is classified as a short-term gain.

• Old Rate: 15%

• New Rate (Post-July 23, 2024): The short term capital gain tax rate India is now 20% on the profit, regardless of your income tax slab.

2. Long-Term Capital Gains (LTCG)

If you sell your equity investment after holding it for more than 12 months, it is classified as a long-term gain.

• Exemption Limit: Profits up to Rs 1.25 Lakh in a financial year are tax-free.

• Tax Rate: The long term capital gain tax on mutual funds and stocks exceeding Rs 1.25 Lakh is now 12.5% (previously 10%).

Note on Indexation: For equity investments, the benefit of indexation (adjusting purchase price for inflation) is not available.

Read Also: 11 Changes in Income Tax, UPI & Banking from April 2025!

Why Is the Capital Gains Statement Crucial?

It’s crucial to pay your capital gains tax as your income from the sale of any financial asset is taxable. Moreover, the Income Tax Department now tracks these transactions via the AIS (Annual Information Statement). Failure to report them can result in notices, fines, and penalties.

A proper Capital Gains Statement helps you:

1. Calculate accurate liability: Avoid overpaying or underpaying.

2. Set off capital losses in ITR: If you have incurred a loss, you can offset it against your gains to reduce your taxable income. You need the statement to prove these losses.

3. Audit Trail: It serves as proof of your transactions.

How to Download Your Capital Gain Statement (Broker-Wise Guide)

If you are unsure how to obtain your capital gains statement, there’s no need to worry. We are here to guide you through the process for all major brokers.

If you have linked your investments with one of the following brokers, follow these instructions:

Zerodha

Here is how to download capital gain statement Zerodha:

1. Log in to Zerodha Console.

2. Go to ‘Reports’ and select ‘Tax P&L’.

3. Select the Financial Year (e.g., FY 2024-25).

4. Download the report for a tax audit.
   Read the detailed process here.

Groww

For the Groww capital gains statement download process:

1. Log in to the Groww App or website.

2. Click on your profile icon (top right).

3. Go to ‘Reports’.

4. Select ‘Capital Gains – Stocks/Mutual Funds’ and download.
   Read the detailed process here.

Upstox

To get the Upstox profit and loss statement for tax:

1. Log in to your Upstox Back Office (Keystone).

2. Navigate to ‘Reports’ and select ‘Profit & Loss’.

3. Choose ‘Realised’ and select the date range.

4. Download the Excel or PDF report.
   Read the detailed process here.

Angel One

Here is the Angel One tax report download process:

1. Log in to the Angel One platform.

2. Click on ‘Account’ and go to ‘Reports’.

3. Select ‘Transactional Report’ or ‘Tax P&L’.

4. Select the Financial Year and download.
   Read the detailed process here.

5Paisa

1. Log in to your 5Paisa account.

2. Click on the profile logo and go to ‘My Reports’.

3. Choose ‘Portfolio’ and select the necessary filters (Financial Year).

4. Click on the PDF or Excel option to download.

ICICI Direct

1. Log in to your account.

2. Go to ‘Trade and Invest’.

3. Click on ‘Portfolio’ > ‘Capital Gains’.

4. Download your detailed report.
   Read the detailed process here.

Kotak Securities

1. Log in to the Kotak Securities platform.

2. Go to ‘Reports’ and select ‘Trade’.

3. Apply the date filter for the Financial Year.

4. Download the statement.
   Read the detailed process here.

HDFC Securities

1. Log in to your HDFC Securities account.

2. Click on your portfolio.

3. Navigate to the ‘Capital Gains’ section and download.
   Read the detailed process here.

AxisDirect

1. Log in to the Axis Direct platform.

2. Select ‘Portfolio’.

3. Choose ‘Capital Gains’ and download the report.
   Read the detailed process here.

Dhan

1. Log in to the Dhan Web or App.

2. Go to the ‘Money’ tab > ‘Statements’.

3. Select ‘Tax P&L’ and download.

Motilal Oswal

1. Log in to the back office (MO Trader/Investor).

2. Go to ‘Capital Gains’.

3. Select ‘Equity MOSL + Non-MOSL’ to get a consolidated view.
   Read the detailed process here.

Alice Blue

1. Log in to Alice Blue’s back office (BOT).

2. Click on ‘Global P&L Report’.

3. Select the date range to get your profit and loss statement for tax audit.
   Read the detailed process here.

FundzBazar

If you have invested using your FundzBazar account, simply drop an email at support@fundzbazar.com to request your capital gain statement.

Investor Perspective: Smart Tax Filing

Before you file, remember to verify your broker’s statement with your AIS (Annual Information Statement) available on the Income Tax Portal. Discrepancies between the two can lead to queries from the tax department.

Now that you know how to obtain your capital gain statement, it’s time to focus on identifying additional opportunities to make money.

Did You Know?

You can offset Short Term Capital Losses against both Short Term and Long Term Capital Gains to lower your tax liability.

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