Tax planning
Broker tax P&L to Schedule CG and Schedule 112A (Zerodha, Groww and others)
What this means, checked by a CA
Your broker's tax P&L is a starting point, not a return. We merge reports from every broker and fund house, fix missing buy prices, bonus and split adjustments and the 31 January 2018 values, match everything with your AIS, and fill Schedule CG and Schedule 112A so the return does not draw a mismatch notice.
₹1,999
a year, + 18% GST
- Delivered in 3 working days after all broker tax P&Ls and AIS
- Due: Before the return due date (31 July for non-audit ITR-2 filers unless extended)
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 7 items
Tax P&L from every broker
Trade-wise gains and charges
Mutual fund capital gains statements
Fund units sold outside the broker
AIS and TIS for the year
Department's view of sales
Buy details for transferred-in sharesOptional
Broker lacks cost for off-market
Corporate action list (bonus, split, merger)Optional
Adjust cost and FMV
Contract notes and tradebookOptional
Cross-check trades and charges
Brought-forward loss detailsOptional
Set-off in this year
DiscussionWhat we discuss · 6 items
Which brokers, apps and fund houses did you use this year?
Complete set of sales
Did you hold any shares bought before 1 February 2018?
Scrip-wise 112A with FMV
Any shares received by gift, inheritance or off-market transfer?
Broker cost may be missing
Any intraday or F&O trades?
Business income, ITR-3
Any buyback, bonus, split or merger in your holdings?
Special adjustments
Any losses carried from earlier years?
Set-off order
FormsForms we file · 6 items
Download tax P&L and tradewise exits from each broker; MF statements from fund houses
Where: Broker back office (for example Zerodha Console > Reports > Tax P&L; Groww Profile > Reports > Tax Reports). Due: After year end
Download AIS and TIS and list SFT and securities sale entries
Where: https://www.incometax.gov.in. Due: Before preparing schedules
Fix gaps: off-market cost, corporate actions, cancelled dividends, buybacks
Where: Internal. Due: Before preparing schedules
Split sales by section and holding period
Equity STT-paid under 12 months to 111A; over 12 months to 112A; debt funds under 50AA at slab; others by 24-month rule
Where: Internal. Due: Before preparing schedules
Prepare Schedule 112A (CSV where many rows) and Schedule CG; apply set-off and the ₹1,25,000 threshold
112A tax = 12.5% x (LTCG after set-off minus ₹1,25,000)
Where: ITR-2 or ITR-3 utility on https://www.incometax.gov.in. Due: By the return due date
Reconcile totals with AIS; give AIS feedback where AIS is wrong; file and e-verify
Where: https://www.incometax.gov.in. Due: By the return due date
DeliverablesWhat you get · 3 items
Merged capital gains working and AIS reconciliation
When: 3 working days
Filed ITR with Schedule CG and 112A
When: On filing
AIS feedback acknowledgement, if any
When: With filing
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