Grip Investment Declaration (GID): A Simple Guide to Filing Taxes on Your Investments

Tax season can feel overwhelming, especially when you have multiple investments across different products. That is where the Grip Investment Declaration (GID) comes in. It is a consolidated document provided by Grip that outlines your investment activity and income from April 1, 2024, to March 31, 2025.

Whether you have invested in Corporate Bonds, SDIs (LeaseX, LoanX, etc.), Fixed Deposits, or Leasing and Inventory deals, the GID is your go-to summary for tax filing.

In this blog, we will walk you through a step-by-step guide on how to interpret your Grip Investment Declaration (GID), understand the tax implications for each investment type, and use it effectively while filing your Income Tax Return (ITR).

What Is the GID And Why Is It Important?

The GID is a personalised report that gives you a consolidated view of all your investments made through the Grip platform during a financial year. It is designed to make tax filing easier by summarising key financial and tax details.

With the GID, you can:

• Track your investments made through Grip Invest
•  See how much income you have earned during the year
•  Understand the applicable tax treatment for each investment type
•  Identify the correct Income Tax Return (ITR) form based on your investment and income profile

Think of it as your tax-ready investment dashboard. 

What Investments Are Covered In The GID?

Your GID will include all investments made via Grip in the current financial year and income earned on older investments. 

Covered products include:

1. Corporate Bonds

2. SDIs (LeaseX, LoanX, BondX, InvoiceX)

3. High-Yield Fixed Deposits

4. Commercial Property

5. Start-up Equity

6. Leasing

7. Inventory Financing

How To Read And Use The Grip Investment Declaration (GID)

The Grip Investment Declaration (GID) is divided into two key sections: Part 1 features a comprehensive FAQ section that gives you a high-level understanding of your investments, tax structures, and applicable ITR forms, while Part 2 includes detailed annexures that break down each investment for accurate tax reporting.

Here is a breakdown of each part for your better understanding:

Part 1: Frequently Asked Questions

The first part of your GID lays the groundwork by explaining how your investments on Grip are structured and how each is treated from a tax perspective. It gives you essential context, whether you have invested in Bonds, SDIs, Leasing, or AIFs, so you understand how returns are calculated, when taxes apply, and what to expect in terms of reporting requirements.

This section also helps you identify the correct ITR form based on your investor type (individual, company, LLP) and investment mix. Whether your income is taxable, exempt, or requires special schedules like Schedule S or Schedule IF, this part provides the clarity you need before you even begin filling out your tax return.

By going through Part 1 carefully, you will be better equipped to interpret the numerical data and annexures in the second half of the GID. Think of it as the instruction manual before the actual data.

Part 2: Details of Income Earned and Information Required for Filing ITR

Part Two of the GID dives into the specifics of your investment income and how to report it in your Income Tax Return (ITR). This section is crucial for correctly identifying what goes under taxable income, what’s exempt, and where it should appear in your ITR form. Part 2 is contains two sections as mentioned below:

1. Summary of income earned on your investments made via Grip and their tax treatment
2. Reconciliation of your capital investment in leasing and inventory deals

Detailed explanation of the above two sub-sections are provided below:

Part A: Summary of Income Earned

This table gives you a consolidated view of your:

• Investment amount
• Income received (split into pre-tax and post-tax)
• TDS deducted
• Disclosure requirement in your ITR form

It is the best starting point for understanding how your earnings across different product types (like SDIs, Leasing, Bonds, etc.) are taxed.

Part B: Reconciliation of capital investment

• This section helps reconcile the capital invested in Leasing and Inventory deals. It shows how much capital was contributed, returned, or written back, and what remains invested at the end of the financial year.
• Think of this as a “balance check” for your contributions, not including the profit or salary you may have earned on top.
• This section also includes Annexures and Appendix to provide the details of your capital investments.

Annexures (I to VI): Investment-Wise Breakdown

Each annexure corresponds to a product type and provides all the tax-relevant details:

• Income type (interest, salary, capital gains)
• Amounts earned and repaid
• TDS deducted
• Monthly breakup (in some cases)
• Where to report it in your ITR

For example:

• Annexure I details LLP-based Leasing and Inventory deals
• Annexure II & III cover Bonds and SDIs
• Annexure IV to VI handle Fixed Deposits, Commercial Property, and Start-up Equity

Each annexure also links to relevant ITR schedules like Schedule S, EI, IF, and provides firm details, employer information, or exempt income declarations wherever applicable.

Before You File: Quick Checklist

Make sure you have reviewed these key points before submitting your Income Tax Return (ITR) using your GID:

1. Cross-verify returns with your bank and Form 26AS - Ensure the interest, capital gains, and TDS mentioned in your GID are also reflected correctly in your bank account and Form 26AS (available on the Income Tax poetal).

2. Check annexures for SDIs, Bonds, and LLP investments - Carefully review annexures related to SDIs, Corporate Bonds, LLPs, Fixed Deposits, and AIFs. These show breakup of principal, interest, TDS, and investment dates, useful for accurate ITR disclosures.

3. Look out for secondary sales (gains may be taxable) - If you sold SDIs or Bonds on the Grip platform, review Annexure VII for details on purchase cost, sale price, and capital gains. These must be reported under the appropriate capital gains section in your ITR.

4. Consult a tax advisor for accurate disclosures - The GID provides a strong starting point, but given the complexity of investment structures, it is best to cross-check with a Chartered Accountant or tax expert, especially if you have multiple income sources or high-value investments.

Conclusion

The Grip Investment Declaration (GID) is your personalised tax companion, offering a clear view of your investments, income earned, TDS deducted, and the right ITR form to use. Whether you have invested in bonds, SDIs, AIFs, or LLP deals, the GID brings all your tax-relevant data into one simplified report.

That said, always verify the information with your bank statements and Form 26AS. If you have sold any securities or participated in complex products, account for capital gains properly. When in doubt, consult your tax advisor. With the GID in hand, you are better equipped to file your returns confidently and correctly.

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This communication is prepared by Grip Broking Private Limited (bearing SEBI Registration No. INZ000312836 and NSE ID 90319) and/or its affiliate/ group company(ies) (together referred to as “Grip”) and the contents of this disclaimer are applicable to this document and any and all written or oral communication(s) made by Grip or its directors, employees, associates, representatives and agents. This communication does not constitute advice relating to investing or otherwise dealing in securities and is not an offer or solicitation for the purchase or sale of any securities. Grip does not guarantee or assure any return on investments and accepts no liability for consequences of any actions taken based on the information provided. For more details, please visit www.gripinvest.in

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