Overview

The API that generates comprehensive Tax P&L Report which includes schedules like Form 67, Schedule FA, FSI and TR for foreign investment activity across Stocks, ADR, Mutual Funds, ETFs.

Problem

• FDI Platforms/Brokers must apply tax rules to accurately calculate taxable p&l on a volumetric investment activity.
• FDI Platforms/Brokers must provide report which consists of income tax schedules for end user to furnish their ITR.
• The ever-changing tax landscape with announcements from regulators, tax departments & finance ministry makes it hard to upkeep for the FDI platforms.
• Resident Investors with Foreign Investments need to report Form 67, Schedule FA, FSI and TR in the income tax return.
• Resident Investors with Foreign Investments needs taxable P&L to accurately pay advance tax liability.

Solution

• API that generates Tax P&L Report, by considering custom theming requirements of API user, to be delivered to the end user.
• API that calculates Unrealized, Realized, and Taxable P&L considering all the tax rules and upkeeps to all the announcements from regulators, tax departments & finance ministry.
• API covers tax calculation for different nature of settlements such as transfers, gifts and corporate actions like dividends.
• API covers other incomes such as interest on unutilized funds.
• Tax P&L calculation can be generated from tradebook or tradewise settlements as inputs.
• Tax P&L calculation can be generated to XLSX format consisting of the Tax P&L report.
• API that computes asynchronously and can handle volumetric investment activity without any size constraints.