What is a Tax Computation Statement? Where can I view my Tax Computation Statement?
The Tax Computation Statement provides the tax implications of a client for capital market transactions made through Geojit in a financial year.
Your Tax Computation Statement can be accessed through MyGeojit. The exported folder will have 3 files:
- P&L Calculation file: Detailed information of profits and/or losses on sale transactions (short-term & long-term) in the selected financial year, irrespective of the year in which a security was purchased.
- STT-10DB Form: STT deducted for the financial year. Please note that the STT charge is not taken as an expenditure in the capital gain statement. Read More.
- All other expenses are taken in this statement, such as Brokerages, GST, Exchange Levy & Stamp duty. Read More.
- Buy not found file: Transactions for which a corresponding buy trade is not found will not be included in your tax calculation. A list of such transactions will be given in a separate excel. In this case, you will have to manually update these details on MyGeojit and then generate the statement again for them to be considered while computing your trade-related statements.
Step 1. Log in to MyGeojit and follow this path.
The statements will be forwarded to your registered email ID within an hour on working days.
Important points to note:
- The statements are password protected.
- Individual clients will have to enter the first four characters of your PAN (in CAPITAL letters)) followed by the first four characters of your date of birth in DDMM format.
- Non-individual clients will have to enter your PAN (in CAPITAL letters)
- Starting from FY 2022-2023, statements will follow a new format. Statements of previous years will continue to use the old format.
- The new format include:
- The generated excel file contains multiple sheets, including a summary sheet and separate sheets for transactions in the Equity, Equity Derivatives, Currency Derivatives, Commodity, Ledger Balance, Other Charges, Opening Position and Closing Position.
- The acquisition/purchase cost of bonus shares is considered as zero.
- In the F&O sheets, turnover information and separate P&L calculations for futures and options is provided. Learn more about the turnover amount that requires a tax audit.
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