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 ?
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.
2. Bonus in P/L is adjusted with purchase price, and 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. Since there is the option to claim STT while filing your tax returns, these details are shared separately.
Read More: How are capital gains from the sale of bonus shares taxed?
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