Why there's a difference between P&L in Tax Computation Statement and Calendar P&L on trading platforms or the Realised P&L on MyGeojit ?

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The difference between the P&L in the tax computation statement and the calendar P&L on trading platforms or the realized P&L on MyGeojit arises due to the following reasons :

1. All expenses except STT are considered while computing tax statements. However, this is included in the realized P&L on MyGeojit along with other expenses. Since there is the option to claim STT while filing your tax returns, these details are shared separately.

2. Bonus in P/L is adjusted with the purchase price, and the purchase price is averaged. Whereas in the tax statement, the bonus shares are settled with purchase rates, and later bonus shares will be treated with zero cost. 

3. In case of derivative segments : 

 

• Contracts expiring within the same financial year are considered for that year.
• Contracts expiring in the next financial year are accounted for in the subsequent year.

Example:

• Contracts taken in March 2025 with expiry in April 2025 are considered under FY 2025–26, as the expiry falls in that financial year.
• Similarly, contracts taken in March (current year) but expiring in April 2026 will not be included in the Tax P/L for FY 2025–26.

In case any realised trades with next year’s expiry need to be considered for the current financial year, the required details can be referred from Derivative P/L (Realised) report in MyGeojit.

Read More: How are capital gains from the sale of bonus shares taxed?