If you are looking for the most accurate and easy way to calculate your capital gains, you have come to the right place. If you invest in stocks, traded bonds or equity/debt mutual funds, you likely need to calculate capital gains for your intra-day, short-term and long-term investments. MProfit helps make this calculation process effortless for you.
You simply need to import a digital contract note received from your broker or mutual fund statement to MProfit and MProfit will take care of the rest!
MProfit follows the First-In-First-Out (FIFO) method for calculating capital gains and also adjusts capital gains calculations based on corporate actions such as mergers, de-mergers, splits and bonus in accordance with income tax rules. After automatically calculating your capital gains, MProfit also prepares reports in various formats to help you understand your capital gains.
With the simplicity and accuracy offered by MProfit, it is no surprise that MProfit is the preferred choice for everyone in the Indian investing community including Investors, Financial Advisors, Family Offices and Chartered Accountants.
Examples of the capital gains reports provided by MProfit include:
1. Summary reports (with period-wise segregation for advance tax calculation)
2. Detailed transaction-wise reports
3. Debt mutual funds reports with and without indexation
MProfit further helps you understand your capital gains right before you sell your stock or mutual fund units by providing the following information:
1. Computation of unrealized capital gains
2. Holding reports (display the number of days of your holdings from the respective purchase dates)
Below are additional posts that explain in detail how MProfit handles capital gains calculations. Click the links below to know more:
Capital Gain Calculations for Stocks
Capital Gain Calculations for Mutual Funds
Also, if you don’t find your broker’s name in our list, do let us know at support@mprofit.in and we’ll make sure we provide import support for your broker’s digital contract notes.
Download the free version of MProfit by clicking the link below and start using MProfit immediately.
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