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 STT charged is not taken as expenditure in 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
Step 2. Select Statements > Capital Gains Statements
Step 3. Select the desired Fiscal Year
Step 4. Read and accept the Terms and Conditions > Submit
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 includes:
- 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 calculation for futures and options is provided. Learn more about the turnover amount that requires a tax audit.
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