Book gains and reinvest?

I recently bought a home by selling some mutual funds + bank loan. I still have some mutual funds left and I was wondering if I could reduce my tax liability on capital gains by selling and re buying mutual funds. Anyone who has done this? Or anyone who has a good CA who can advise on tax consultation? Thanks in advance :)

Can someone here explain the LTCG and STCG taxation on equity investments (or maybe applicable to other asset classes also) ? From what I understand, LTCG is taxed at 10% on profits exceeding 1 lakh. However, when making a partial withdrawal, what exactly constitutes profit? let's say I have invested 10 lac in a mutual fund today and after 3 years grew to 13 lakhs with profit of 3 lakhs, now if I withdraw 2 lakhs after that 3 years, will be it be considered as profit withdrawal or the withdrawal of the principal that I invested? and what will be the taxes on that?

Tax harvesting is a strategy of selling your equity units to book long-term capital gains and reinvesting the proceeds in the same stock. You have to pay tax @ 10% on long term gains(On gains >1L) arising from sale of listed equity shares/mutual funds. You can book profits on stocks held for more than 12 months upto Rs. 1 lakhs in a financial year, long term profits upto 1 Lakh in a FY are exempt from taxes under income tax act. You can reinvest the proceeds again in the same stock hence having that stock in your long term portfolio. LTCG: Held for >12 months Please note you will be incurring a small amount in brokerage and other charges.

All the UNBOOKED Gains in your Portfolio would now attract - 25% MORE LTCG (10% to 12.50% is NOT 2.5%, but 25% more), Surcharge extra as applicable. 33.33% MORE STCG (15% to 20% is NOT 5%, but 33.33% more), Surcharge extra as applicable.

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I had invested in a SIP (equity) for 3 years and am withdrawing the investment via a 12 month SWP spread across two financial years. This helps me ensure that the capital gains do not exceed 1L in any of the financial years. Assuming a scenario where the capital gains exceed 1L, how will they be taxed? And if I need to claim an indexation benefit, how do I do it?

I see most of the people have over 60% of their net-worth in some kind of a financial instrument. So do you plan to just take out the investment after some milestone to use it? Like how do u rotate from investment to liquid - on what condition or how often? Like people advice to keep emergency funds worth in bank account but what about sudden big purchases, bills or so? Do u then just sell off the investment and wait for the money to hit ur bank and then proceed with the thing ?

CA here. In case anybody has any query regarding Income-tax return filing, can comment below. Will try to help you out as much as possible.