{"id":7188,"date":"2026-03-30T11:01:51","date_gmt":"2026-03-30T05:31:51","guid":{"rendered":"https:\/\/maxiomwealth.com\/blog\/?p=7188"},"modified":"2026-03-31T09:09:43","modified_gmt":"2026-03-31T03:39:43","slug":"zerodha-profit-loss-statement-guide","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/blog\/zerodha-profit-loss-statement-guide\/","title":{"rendered":"Zerodha P&#038;L Statement: How to Download and Understand It"},"content":{"rendered":"\n<p>If you invest or trade through Zerodha, your\u00a0Profit and Loss (P&amp;L)\u00a0statement is one of the most important financial documents you\u2019ll use especially during tax season. It shows exactly how much you\u2019ve earned or lost from your trades, along with all related charges. Yet, many<a href=\"https:\/\/maxiomwealth.com\/\"> investors<\/a> misread it and either overpay or underreport taxes.<\/p>\n\n\n\n<p>This guide explains\u00a0how to download\u00a0your P&amp;L report from Zerodha Console and\u00a0how to interpret it correctly\u00a0for tax filing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-download-the-pl-report-from-zerodha-console\">How to Download the P&amp;L Report from Zerodha Console<\/h2>\n\n\n\n<p>Zerodha\u2019s back-office platform,\u00a0Console (console.zerodha.com), hosts all your reports. Follow these steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Log in to\u00a0console<a href=\"https:\/\/console.zerodha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">.<\/a>zerodha<a href=\"https:\/\/console.zerodha.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">.<\/a>com\u00a0using your client ID and password.<\/li>\n\n\n\n<li>From the left-hand menu, choose\u00a0Reports \u2192 P&amp;L (Profit and Loss).<\/li>\n\n\n\n<li>Select the\u00a0financial year\u00a0(e.g., 2025\u201326) and the\u00a0segment\u00a0(Equity, F&amp;O, or Commodity).<\/li>\n\n\n\n<li>Click\u00a0View\u00a0to generate your statement.<\/li>\n\n\n\n<li>Use the\u00a0download icon\u00a0to export as a\u00a0CSV\u00a0(spreadsheet) or\u00a0PDF.<\/li>\n<\/ol>\n\n\n\n<p>If you\u2019re filing taxes, choose\u00a0Tax P&amp;L, not the regular version. The Tax P&amp;L automatically applies\u00a0FIFO (First-In-First-Out)\u00a0matching, categorizes your\u00a0short-term and long-term gains, and itemizes\u00a0charges and deductions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Regular P&amp;L<strong>:<\/strong>\u00a0Simple performance summary (for tracking).<\/li>\n\n\n\n<li>Tax P&amp;L<strong>:<\/strong>\u00a0Detailed and tax-ready report (for filing your ITR).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"sections-of-the-zerodha-pl-statement\">Sections of the Zerodha P&amp;L Statement<\/h2>\n\n\n\n<p>The P&amp;L report is organized into three main sections:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Section<\/th><th class=\"has-text-align-left\" data-align=\"left\">What It Shows<\/th><th class=\"has-text-align-left\" data-align=\"left\">Tax Implication<\/th><\/tr><\/thead><tbody><tr><td><strong>Realised P&amp;L<\/strong><\/td><td>Profit or loss from&nbsp;<strong>completed (sold)<\/strong>&nbsp;positions<\/td><td><strong>Taxable<\/strong>&nbsp;in the year of sale as STCG or LTCG<\/td><\/tr><tr><td><strong>Unrealised P&amp;L<\/strong><\/td><td>Profit or loss from&nbsp;<strong>open<\/strong>&nbsp;positions (still held)<\/td><td><strong>Not taxable<\/strong>&nbsp;until the asset is sold<\/td><\/tr><tr><td><strong>Charges &amp; Taxes<\/strong><\/td><td>Brokerage, STT, exchange fees, GST, stamp duty, SEBI charges<\/td><td><strong>Deductible<\/strong>&nbsp;while computing net capital gains<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"using-the-zerodha-pl-statement-for-itr-filing\">Using the Zerodha P&amp;L Statement for ITR Filing<\/h2>\n\n\n\n<p>The&nbsp;<strong>Tax P&amp;L<\/strong>&nbsp;from Zerodha neatly maps to sections in your income tax return:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Short-Term Capital Gains (STCG)<\/strong>\u00a0\u2013 Section 111A\n<ul class=\"wp-block-list\">\n<li>For equity shares and equity mutual funds sold within one year.<\/li>\n\n\n\n<li>Taxed at\u00a0<strong>15%<\/strong>\u00a0(note: not 20%).<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Long-Term Capital Gains (LTCG)<\/strong>\u00a0\u2013 Section 112A\n<ul class=\"wp-block-list\">\n<li>For equity held\u00a0<strong>over 12 months<\/strong>.<\/li>\n\n\n\n<li>Taxed at\u00a0<strong>12.5%<\/strong>\u00a0on gains exceeding\u00a0<strong>\u20b91.25 lakh per year (as per FY 2024\u201325 amendment)<\/strong>.<\/li>\n\n\n\n<li>Zerodha\u2019s Tax P&amp;L automatically applies\u00a0<strong>grandfathering<\/strong>\u00a0for holdings purchased before\u00a0<strong>31 Jan 2018<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Futures &amp; Options (F&amp;O)<\/strong>\n<ul class=\"wp-block-list\">\n<li>Treated as\u00a0<strong>business income<\/strong>, not capital gains.<\/li>\n\n\n\n<li>Must be filed under\u00a0<strong>ITR-3<\/strong>.<\/li>\n\n\n\n<li>Turnover is computed per\u00a0<strong>ICAI guidelines<\/strong>.<\/li>\n\n\n\n<li>F&amp;O losses may be carried forward for\u00a0<strong>eight years<\/strong>\u00a0if filed before the due date.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>Before filing, always&nbsp;<strong>cross-check<\/strong>&nbsp;your Tax P&amp;L data with:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tradebook (contract notes)<\/strong><\/li>\n\n\n\n<li><strong>Form 26AS or AIS<\/strong>\u00a0(to ensure all transactions and STT match)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"common-mistakes-to-avoid\">Common Mistakes to Avoid<\/h2>\n\n\n\n<p>Investors frequently make the following errors while filing returns:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Mixing realised and unrealised profits:<\/strong>\u00a0Only realised gains should be reported.<\/li>\n\n\n\n<li><strong>Ignoring transaction charges:<\/strong>\u00a0Since these are deductible expenses, missing them inflates your taxable gain.<\/li>\n\n\n\n<li><strong>Mismatch with Form 26AS\/AIS:<\/strong>\u00a0Differences in STT values can indicate incomplete reporting.<\/li>\n\n\n\n<li><strong>Using the wrong ITR form:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>ITR-2<\/strong>\u00a0\u2192 For capital gains (equity investments only).<\/li>\n\n\n\n<li><strong>ITR-3<\/strong>\u00a0\u2192 For business or F&amp;O income.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Omitting intraday trades:<\/strong>\u00a0These are treated as\u00a0<strong>speculative business income<\/strong>, not capital gains. Report them separately under ITR-3.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"tax-pl-vs-regular-pl\">Tax P&amp;L vs Regular P&amp;L<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Feature<\/th><th class=\"has-text-align-left\" data-align=\"left\">Regular P&amp;L<\/th><th class=\"has-text-align-left\" data-align=\"left\">Tax P&amp;L<\/th><\/tr><\/thead><tbody><tr><td>FIFO trade matching<\/td><td>No<\/td><td>Yes<\/td><\/tr><tr><td>Short-term\/long-term split<\/td><td>No<\/td><td>Yes<\/td><\/tr><tr><td>Charges breakdown<\/td><td>Basic summary<\/td><td>Detailed, per trade<\/td><\/tr><tr><td>Grandfathering (pre-2018)<\/td><td>No<\/td><td>Yes<\/td><\/tr><tr><td>Best used for<\/td><td>Performance tracking<\/td><td>Tax filing<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>In short: use&nbsp;<strong>Regular P&amp;L<\/strong>&nbsp;for portfolio tracking, but&nbsp;<strong>Tax P&amp;L<\/strong>&nbsp;for your Chartered Accountant and ITR filing.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"frequently-asked-questions\">Frequently Asked Questions<\/h2>\n\n\n\n<p><strong>1. When is the Tax P&amp;L report available?<\/strong><br>Zerodha releases the Tax P&amp;L by&nbsp;<strong>mid-April<\/strong>, soon after the financial year ends on March 31. You can also generate a&nbsp;<strong>provisional P&amp;L<\/strong>&nbsp;anytime during the year.<\/p>\n\n\n\n<p><strong>2. Does the P&amp;L include dividend income?<\/strong><br>No. Dividends are directly credited to your bank and must be declared separately under&nbsp;<strong>\u2018Income from Other Sources\u2019<\/strong>. Use your&nbsp;<strong>bank statement<\/strong>&nbsp;or&nbsp;<strong>AIS<\/strong>&nbsp;for dividend details.<\/p>\n\n\n\n<p><strong>3. What about mutual funds?<\/strong><br>Mutual fund P&amp;L is\u00a0not part of Zerodha\u2019s Tax P&amp;L. Get your capital gains statement from\u00a0MFCentral\u00a0or your AMC\u2019s portal (via CAMS\/KFintech).<\/p>\n\n\n\n<p><strong>4. Can losses be carried forward?<\/strong><br>Yes.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Short-term losses<\/strong>\u00a0\u2192 Set off against STCG or LTCG.<\/li>\n\n\n\n<li><strong>Long-term losses<\/strong>\u00a0\u2192 Set off only against LTCG.<br>Unutilized losses can be carried forward\u00a0<strong>up to 8 assessment years<\/strong>\u00a0(if the ITR is filed before the due date).<\/li>\n<\/ul>\n\n\n\n<p><strong>5. Is Zerodha&#8217;s Tax P&amp;L recognized by the Income Tax Department?<\/strong><br>While the report isn\u2019t a government-issued document, it\u2019s an accurate and accepted basis for calculating your taxable gains. Your CA or tax-filing software can directly use these numbers. The&nbsp;<strong>final reference<\/strong>, however, remains your&nbsp;<strong>contract notes and AIS\/Form 26AS<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"key-takeaways\">Key Takeaways<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Use the Tax P&amp;L<\/strong>\u00a0report for ITR, not the Regular one.<\/li>\n\n\n\n<li><strong>Only realised gains are taxable<\/strong> unrealised profits don\u2019t count.<\/li>\n\n\n\n<li><strong>Charges reduce taxable gains<\/strong>, so ensure they\u2019re included.<\/li>\n\n\n\n<li><strong>F&amp;O and intraday trades<\/strong>\u00a0require\u00a0<strong>ITR-3<\/strong>.<\/li>\n\n\n\n<li>Always\u00a0<strong>reconcile Tax P&amp;L with Form 26AS\/AIS<\/strong>\u00a0before filing.<\/li>\n<\/ul>\n\n\n\n<p>By understanding your Zerodha P&amp;L and using the correct ITR, you can file confidently, avoid unnecessary taxes, and maintain clean investment records. <\/p>\n\n\n\n<p><strong><a href=\"\/resources\/calculators\/sip\">Track your investment growth with our SIP Calculator \u2192<\/a><\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you invest or trade through Zerodha, your\u00a0Profit and Loss (P&amp;L)\u00a0statement is one of the most important financial documents you\u2019ll use especially during tax season. It shows exactly how much you\u2019ve earned or lost from your trades, along with all related charges. Yet, many investors misread it and either overpay or underreport taxes. This guide&hellip;&nbsp;<a href=\"https:\/\/maxiomwealth.com\/blog\/zerodha-profit-loss-statement-guide\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Zerodha P&#038;L Statement: How to Download and Understand It<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":7251,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing-fundamentals-mutual-funds-guide"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/posts\/7188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/comments?post=7188"}],"version-history":[{"count":3,"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/posts\/7188\/revisions"}],"predecessor-version":[{"id":7252,"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/posts\/7188\/revisions\/7252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/media\/7251"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/media?parent=7188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/categories?post=7188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/blog\/wp-json\/wp\/v2\/tags?post=7188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}