Tax P&L Report for Foreign Securities

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.