How to Get Profit Loss Statement in Sharekhan App
Sharekhan is a popular online trading platform that allows investors to trade stocks, commodities, and currencies. One important aspect of trading is keeping track of your profits and losses. Sharekhan provides a feature that allows users to generate a profit loss statement, which can be useful for tax purposes and assessing the overall performance of your investments. In this article, we will discuss how to obtain a profit loss statement in the Sharekhan app and answer some common questions related to this feature.
1. How to access the profit loss statement feature in Sharekhan app?
To access the profit loss statement feature in the Sharekhan app, you need to log in to your account. Once logged in, navigate to the ‘Reports’ section on the main menu. Under the ‘Reports’ section, you will find the option to generate a profit loss statement.
2. Can I customize the date range for the profit loss statement?
Yes, you can customize the date range for the profit loss statement. Sharekhan allows you to select a specific date range or choose from predefined options such as daily, weekly, monthly, or yearly.
3. What information does the profit loss statement provide?
The profit loss statement in Sharekhan provides a comprehensive overview of your trading activities. It includes details such as the total number of trades, the total turnover, net profit/loss, brokerage charges, taxes, and other transaction-related expenses.
4. Can I export the profit loss statement to a PDF or Excel file?
Yes, Sharekhan allows you to export the profit loss statement to a PDF or Excel file. This can be helpful for record-keeping or sharing the statement with your accountant for tax purposes.
5. How often should I generate the profit loss statement?
It is recommended to generate the profit loss statement on a regular basis, such as monthly or quarterly. This will help you stay updated with your trading performance and make informed decisions.
6. Can I view the profit loss statement for a specific stock or portfolio?
Yes, Sharekhan allows you to generate a profit loss statement for a specific stock or portfolio. You can select the desired stock or portfolio before generating the statement.
7. Is the profit loss statement accurate and reliable?
Yes, the profit loss statement in Sharekhan is accurate and reliable. It is generated based on the actual trading data recorded in your account.
8. Can I view the profit loss statement for previous years?
Yes, you can view the profit loss statement for previous years in Sharekhan. Simply select the desired year or customize the date range accordingly.
9. Are there any additional charges for accessing the profit loss statement feature?
No, there are no additional charges for accessing the profit loss statement feature in Sharekhan. It is included as part of the platform’s services.
10. Can I view the profit loss statement on the Sharekhan website as well?
Yes, you can view the profit loss statement on the Sharekhan website as well. The process is similar to the app, where you need to log in to your account and navigate to the ‘Reports’ section.
11. How long does it take to generate the profit loss statement?
The time taken to generate the profit loss statement in Sharekhan may vary depending on the volume of your trading activities. In most cases, it should be generated within a few minutes.
In conclusion, the profit loss statement feature in Sharekhan is a valuable tool for traders and investors to monitor their performance and assess their profits and losses. By following the steps mentioned above, you can easily generate a profit loss statement in the Sharekhan app or website. Remember to regularly review the statement to stay updated with your trading activities and make informed decisions.