Tradewise P&L contains all the information you need to report long term transactions under Section 112A in your ITR.ģ. The tax P&L report also includes a tradewise P&L for all segments, including a provision for grandfathering long term capital gains (LTCG) on equity and equity mutual fund investments made on or before January 31, 2018. Charges, taxes, and net gains or losses.Ģ.Your tax P&L report gives you a breakup of: Here’s a brief overview of the various reports on Console and how they can help you in filing your taxes. We also understand that filing your taxes can seem complicated, so we’ve built reports on Console to make this as easy as possible. Most people assume that just because they’ve made losses, it’s not necessary to file taxes, but that’s a mistake-you may get a notice from the Income Tax Department regardless of that. As a trader, it’s extremely important to file your taxes, regardless of whether you made a profit or loss.
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