Tax harvesting- Save 10,000 in taxes before March ends
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.
majboormajdoor
Stealth
7 months ago
majboormajdoor
Stealth
7 months ago
DaringTrain
Stealth
7 months ago
DaringTrain
Stealth
7 months ago