Does the Zerodha Tax PnL report show Gross or Net profit on Tradewise exits sheet and individual category sheets like in F&O sheet, does it subtract brokerage, taxes etc already from Profit and Realized P&L column Or do we have to do it?
The Upstox PnL report clearly shows both Gross & Net profit in summary so there is no confusion…
Some one pls confirm so I can file my Tax correctly 
Realized Profit Breakdown Shows profit/loss without any deductions and charges.
Refer to Charges section and subtract it from the profit (except the STT.
If you have Intraday + Delivery then there is no way to find out the charges as Zerodha does not provide the infoamtion.
This is what my understanding is also, but my CA is saying that Realised Profit is what is the Net Profit number and we need to use that only in ITR to match what the AIS/TIS are having
You are talking about which investment? Equity delivery orders or equity intraday?
If it is delivery + intraday it is not possible as Zerodha does not provide it separately. I requested Zerodha to add it script wise 2-3 years ago but they never fixed it.
Equity & FnO…
Can some one from Zerodha please answer this simple basic Q
@smakkar @Jack_R
Guys have some similar queries. In the AIS and the tax pnl report the net amount is mentioned in the profit or loss column. There were charges incurred during purchase and sales of this stock. Can you please tell me where are those charges mentioned in the report so that we can enter it in schedule capital gains? And these charges, under which head do we exactly need to enter these in the schedule capital gains?
For entering details about sales of equity shares which section do we need to select from below?
Under Expenditure wholly and exclusively in connection with transfer.
Thank You.
Another query related to this. An individual can enter all charges/expenses related to buying or selling a stock in the capital loss/gain section below the total sales and purchase column. Suppose some shares were purchased in different quantites for 5 years and then sold together. Now zerodha shows the charges related only to the sales transaction and we can claim them all except the stt and the amc charges. The question is how to calculate the charges/expenses paid while purchasing these stocks? One way is to manually check the report on the date on which these stocks were purchased. Is there any easier way for people who don’t maintain any books of accounts?
This might be a stupid take but what if the charges shown in the tax pnl are doubled? But this might not work well if the prices of the stocks have increased or decreased.
Charges section show the overall charges in the FY (buy+sell) Subtract the charges from the total profit (except the STT charge)
Bro are u certain that the charges are both of buy and sell? A zerodha rep said that these charges are only of sell transactions and for buy transactions, a user needs to calculate by himself. What do you think?
You have mentioned subtract the charges except the stt. Afaik a broker’s amc charges are also not allowed, right?
No, AMC charges cannot be deducted. I was referring to all the charges in the Zerodha report from Charges section. AMC is not a part of it.
Regarding charges, as per my understanding it is for both of buy and sell but someone from Zerodha can confirm. How can we calculate it ourselves as they are not specifying the charges per script (buy/sell)?
Bro apart from this the Depository Participant are also included and STT from your ss is excluded. About calculating ourselves, one guy said that his accounts guy enters the contract notes manually so that at the time of selling all prices are reflected with charges aside clearly.
DP (Depository Participant) charges can be deducted as an expense from both Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG) while calculating capital gains tax on shares in India, as long as they are directly related to the transfer of shares.
Thanks. A quick question, while selling mutual funds do we need to enter the expense ratio in a similar way somewhere?
Neither the expense ratio nor stamp duty charges can be deducted directly while selling mutual funds. These expenses are either embedded in the NAV or collected at purchase, and capital gains tax applies on the net gain at the time of sale.
