A crucial aspect of managing your investments, especially in the stock market, is understanding and tracking your capital gains. For Sharekhan users, accessing your Capital Gain Statement is essential for income tax filing and for gaining insights into your investment performance. This comprehensive guide will walk you through the process, step by step, ensuring you have all the information you need.
How to Get Your Capital Gain Statement from Sharekhan: A Detailed Guide
Do you want to accurately file your income tax returns and understand the profitability of your share market investments? If you're a Sharekhan user, getting your Capital Gain Statement is a must. This document details the profit or loss you've made from selling your shares, categorized by holding period (short-term or long-term), which is vital for tax purposes. Let's dive into the step-by-step process to obtain this critical statement.
 |
| How To Get Capital Gain Statement Sharekhan |
Step 1: Initiate Your Journey - Login to Sharekhan's Portal
The very first step on your quest for your capital gain statement is to access your Sharekhan account.
- 1.1 Access the Sharekhan Website: Open your preferred web browser and navigate to the official Sharekhan website. Ensure you are on the legitimate site to protect your personal and financial information.
- 1.2 Enter Your Credentials: Locate the "Login" button, usually prominently displayed on the homepage. Click on it and enter your:
- Login ID: This is your unique identifier for your Sharekhan account.
- Membership Password: The password you set up during your account creation.
- 1.3 Complete the OTP Verification: After entering your Login ID and password, Sharekhan will likely send a One-Time Password (OTP) to your registered mobile number and/or email address. Carefully enter this OTP in the designated field to successfully log in to your account. This is a crucial security measure to protect your account.
Step 2: Navigating to Your Portfolio and Reports
Once you've successfully logged in, you'll be greeted by your Sharekhan dashboard. Now, it's time to find the path to your reports.
QuickTip: Re-reading helps retention.
- 2.1 Locate the "Portfolio" Section: On your dashboard, look for a tab or menu option labeled "Portfolio." It's usually one of the main navigation tabs. Click on this option.
- 2.2 Choose "Detailed View": Within the "Portfolio" section, you might see various sub-options. Select "Detailed View" to get a comprehensive overview of your holdings.
- 2.3 Access "Reports": After choosing "Detailed View," you'll typically find a "Reports" option. This is your gateway to a variety of financial statements, including the Capital Gain Report. Click on "Reports."
Step 3: Unearthing Your Capital Gain Report
You're now very close to your destination! The "Reports" section will present you with various report types.
- 3.1 Find "Capital Gain": Under the "Portfolio Report" section, look for a link or option specifically named "Capital Gain." This is the statement you need for tax purposes. Click on it.
- 3.2 Select the Financial Year: You will likely be prompted to select the specific financial year for which you need the Capital Gain Statement. Choose the relevant financial year for your tax filing. Remember that the financial year in India runs from April 1st to March 31st of the following year.
- 3.3 Generate and Download: Once you've selected the financial year, you'll usually have the option to generate the report. It might be available as a downloadable PDF or an Excel file. Click on the "Generate" or "Download" button to save the statement to your device.
Step 4: Understanding Your Capital Gain Statement
Downloading the statement is just the first part; understanding its contents is equally important. Your Sharekhan Capital Gain Statement will typically include the following crucial information:
- 4.1 Transaction Details:
- Date of Purchase and Sale: The exact dates when you bought and sold the shares.
- Scrip Name: The name of the company whose shares you traded.
- Quantity: The number of shares bought and sold.
- Purchase Price: The price at which you acquired the shares.
- Sale Price: The price at which you sold the shares.
- 4.2 Capital Gain Classification:
- ***Short-Term Capital Gain (STCG)***: Profits from shares held for 12 months or less. These are taxed at a specific rate (currently 15% under Section 111A for listed equity shares, though rates can change with budget announcements, so always verify).
- ***Long-Term Capital Gain (LTCG)***: Profits from shares held for more than 12 months. LTCG on listed equity shares is exempt up to ₹1 lakh per financial year. Gains exceeding this limit are taxed at 10% without indexation benefit (as per current tax laws, subject to changes).
- 4.3 Net Gain/Loss: The statement will provide a summary of your total short-term and long-term capital gains or losses for the selected financial year. This is the figure you will use when filing your Income Tax Return (ITR).
Step 5: Verifying and Utilizing Your Statement
Once you have your statement, take a moment to cross-verify the information and prepare for your tax filing.
QuickTip: Don’t just scroll — process what you see.
- 5.1 Cross-Verification: Compare the transactions listed in your Capital Gain Statement with your own records (e.g., contract notes, bank statements). This helps ensure accuracy and identify any discrepancies.
- 5.2 Tax Filing: The figures from your Capital Gain Statement are directly used in your ITR. If you have capital gains, you will need to report them under the appropriate heads (STCG and LTCG) in your ITR form (typically ITR-2 or ITR-3, depending on your income sources).
- 5.3 Record Keeping: It is highly recommended to save a digital copy and, if preferred, a physical printout of your Capital Gain Statement for your records. This is crucial for future reference and for any potential tax assessments.
In Case of Difficulty: Sharekhan Customer Support
If you encounter any issues during this process, or if the report doesn't seem accurate, don't hesitate to reach out to Sharekhan's customer support. They can guide you through the process, resolve technical glitches, or clarify any queries regarding your statement. You can typically find their contact details (phone numbers, email, or a "Leave a Query" form) on their website under the "Support" or "Contact Us" sections.
Frequently Asked Questions (FAQs)
How to calculate capital gains on shares from Sharekhan?
To calculate capital gains, subtract the purchase price (plus any relevant expenses like brokerage) from the sale price. If held for 12 months or less, it's Short-Term Capital Gain (STCG). If held for more than 12 months, it's Long-Term Capital Gain (LTCG). Your Sharekhan capital gain statement will provide these calculations.
How to determine if my capital gains are short-term or long-term?
In India, for equity shares and equity-oriented mutual funds, if you hold the asset for 12 months or less, the gains are considered Short-Term Capital Gains (STCG). If held for more than 12 months, they are Long-Term Capital Gains (LTCG).
QuickTip: Treat each section as a mini-guide.
 |
How to use the Sharekhan Capital Gain Statement for ITR filing?
The Sharekhan Capital Gain Statement provides the consolidated figures for your STCG and LTCG. You will need to report these figures in your Income Tax Return (ITR) form (typically ITR-2 or ITR-3 for individuals with capital gains from shares).
How to find historical capital gain statements on Sharekhan?
When you navigate to the "Capital Gain" report section, you'll usually have the option to select previous financial years from a dropdown menu. Choose the desired financial year to view and download historical statements.
How to understand the tax implications of short-term capital gains on Sharekhan?
STCG on listed equity shares (where STT is paid) is currently taxed at a flat rate of 15% under Section 111A of the Income Tax Act. These gains are added to your total income for tax calculation.
Tip: Focus more on ideas, less on words.
How to understand the tax implications of long-term capital gains on Sharekhan?
LTCG on listed equity shares (where STT is paid) is exempt up to ₹1 lakh per financial year. Any LTCG exceeding ₹1 lakh is taxed at 10% without the benefit of indexation.
How to get a consolidated report of all my transactions from Sharekhan?
Sharekhan also provides a "Ledger Summary" or "Transaction Report" which details all your trading operations, including buy/sell orders, fund transfers, and charges. You can usually find this under the "Reports" or "Transaction Report" section in your Sharekhan account.
How to contact Sharekhan customer support for statement-related queries?
You can find Sharekhan's customer support contact details (phone numbers like 022-41523200, 022-61151111, or a "Leave a Query" form) on their official website, usually under "Support" or "Contact Us."
How to download the Capital Gain Statement in different formats (e.g., PDF, Excel)?
Once you generate the Capital Gain Report, Sharekhan usually offers the option to download it in either PDF or Excel format. Choose the format that best suits your needs for analysis or record-keeping.
How to ensure the accuracy of my Sharekhan Capital Gain Statement?
It's always a good practice to cross-verify the details in your Capital Gain Statement with your individual trade confirmations or contract notes. If you find any discrepancies, contact Sharekhan customer support immediately for clarification and correction.
 |
💡 This page may contain affiliate links — we may earn a small commission at no extra cost to you.
