How does that work? Let’s take an example.
1. LTCG was introduced in Budget 2018 with a tax of 10% on profits made above Rs.1 lakh on selling of equity shares & mutual funds.
Every long term investor wants to save tax on capital gains, but how?
This thread talks about a simple way "Tax Loss Harvesting"
How does that work? Let’s take an example.
For TLH, sell underperforming stock at capital loss, say of Rs 20000.
Now, u need to pay tax on 25000-20000 = Rs.5000
This helps you to save tax on extra 20000 had you not set off your loss against the gains.
No worries, you sell in this fin. yr, say on 31st March & buy again in next day i.e. next fin. yr on 1st April.
With discount brokers, transaction cost is zero.
•Tenure of investments.
•LT capital losses can be set off against only LT capital gains.
•ST capital losses can be set off against any capital gains.
If you found this helpful, do like and retweet.
You May Also Like
Margatha Natarajar murthi - Uthirakosamangai temple near Ramanathapuram,TN
#ArudraDarisanam
Unique Natarajar made of emerlad is abt 6 feet tall.
It is always covered with sandal paste.Only on Thriuvadhirai Star in month Margazhi-Nataraja can be worshipped without sandal paste.
After removing the sandal paste,day long rituals & various abhishekam will be https://t.co/e1Ye8DrNWb day Maragatha Nataraja sannandhi will be closed after anointing the murthi with fresh sandal paste.Maragatha Natarajar is covered with sandal paste throughout the year
as Emerald has scientific property of its molecules getting disturbed when exposed to light/water/sound.This is an ancient Shiva temple considered to be 3000 years old -believed to be where Bhagwan Shiva gave Veda gyaana to Parvati Devi.This temple has some stunning sculptures.
#ArudraDarisanam
Unique Natarajar made of emerlad is abt 6 feet tall.
It is always covered with sandal paste.Only on Thriuvadhirai Star in month Margazhi-Nataraja can be worshipped without sandal paste.

After removing the sandal paste,day long rituals & various abhishekam will be https://t.co/e1Ye8DrNWb day Maragatha Nataraja sannandhi will be closed after anointing the murthi with fresh sandal paste.Maragatha Natarajar is covered with sandal paste throughout the year

as Emerald has scientific property of its molecules getting disturbed when exposed to light/water/sound.This is an ancient Shiva temple considered to be 3000 years old -believed to be where Bhagwan Shiva gave Veda gyaana to Parvati Devi.This temple has some stunning sculptures.
