To know which ITR Form is applicable to you, use the below calculator. The income tax department has notified ITR Forms based on different income situations. The taxpayer should report incomes, calculate and pay taxes, claim TDS Credits and request refund for the overpayment of taxes while filing their ITR. Based on the income situation, the taxpayer needs to file the prescribed ITR Form. To file an ITR is an annual process for Motilal Oswal trader. Which ITR Form is Applicable For Motilal Oswal traders? Securities Transaction Tax (STT) – It is a tax payable in India on the value of securities (excluding commodities and currency) transacted through a recognized stock exchange.Realized profit is usually already deposited into the trader’s trading account and can be withdrawn from their trading account to a bank account Realized Gains/Loss – Realized profit is the profit that comes from a completed trade in other words, a trade that has been exited.Average Buy Rate – The average buying price of goods or commodities is the average price at which a particular product or commodity is bought across channels or markets.Total sales revenue can be represented in several ways, but it is typically formulated as total number of units sold times price per unit Total Sell Value – The total amount of sales in a given period.Average Sell Rate – The average selling price of goods or commodities is the average price at which a particular product or commodity is sold across channels or markets. Given below is the breakdown of the profit and loss statement tabs: Therefore, you have to toggle through their tabs as shown in the above image to view the statements from the different segments. Motilal Oswal doesn’t provide a consolidated tax profit and loss statement. You can view the profit and loss statements from the Motilal Oswal portal. Find the best plan Explore Tax P&L Statement Tabs Explained
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