Guide to Downloading Zerodha P&L Statements for Tax Filing

A Profit and Loss (P&L) statement, often referred to as a capital gains report, provides a comprehensive summary of trading activities involving shares, mutual funds, and bonds. It details the profits earned or losses incurred, along with dividends received within a specific duration. Similar to other brokerage firms, Zerodha enables users to generate and download these reports for any given financial year. Obtaining this data is crucial for accurately calculating taxable income under the Income Tax Act.

These reports help investors track essential details such as transaction dates, profit or loss from sales, and the classification of gains into Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG).

Steps to Access and Download the P&L Report from Zerodha

Follow this step-by-step process to retrieve your tax P&L statement from the Zerodha Console:

1. Navigate to the Zerodha Console website and select the option to log in using your Kite credentials.
2. Input your user ID and password to access your account.
3. On the dashboard, locate and click on the ‘Reports’ tab found in the top navigation menu.
4. From the dropdown list that appears, select ‘Tax P&L’.
5. Specify the desired Financial Year (e.g., 2025-2026) and select the relevant quarters (Q1 to Q4), then click the arrow button to proceed.
6. Once the report is generated, select the option to ‘Download trade-wise tax P&L report for all segments’ to save the document.

Common Queries

Which Income Tax Return (ITR) form should Zerodha users file?

The choice of ITR form depends on the nature of your income. If you earn income through capital gains from equity shares or mutual funds, ITR-2 is generally applicable. However, if you engage in intraday trading or Futures and Options (F&O), this is classified as ‘Income from Business and Profession,’ necessitating the filing of ITR-3.

What distinguishes realised profit from unrealised profit?

Unrealised profit refers to the theoretical gain on an investment that is currently held and has not yet been sold. In contrast, realised profit (or loss) is the actual financial outcome confirmed when an asset is sold and the proceeds are credited to your bank account.