Pay Zero tax on Stock Market income? Ultimate Guide for Tax Harvesting

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3 ай бұрын

Tax harvesting is a strategy used to manage gains and losses in an investment portfolio to minimize tax liability. In India, Short Term Capital Gains (STCG) are taxed at 15%, while Long Term Capital Gains (LTCG) are taxed at 10% after 1 lakh. Only realized gains are subject to taxation, not unrealized gains.
Realized profits can be reduced by offsetting them with realized losses, thereby reducing the overall tax burden. Every transaction is tracked, and failure to report gains accurately can lead to penalties or scrutiny by tax authorities in the future.
Tax harvesting involves strategically selling assets to realize losses, which can then be used to offset taxable gains. Losses can be carried forward for up to eight assessment years for both short term and long term capital gains. However, one must be mindful of exit loads in mutual funds if selling early.
While tax harvesting can reduce tax liability, it's important to consider factors such as the settlement cycle, volatility of stocks, waiting for buying opportunities, and keeping track of transactions. Additionally, FIFO (First In, First Out) method is applied for calculating gains or losses when selling assets. Also be mindful about the charges and brokerage during these transactions.
Tax harvesting should ideally be done before March 31st to take advantage of tax benefits for the current financial year. Overall, tax harvesting is a prudent strategy for managing tax liabilities in investment portfolios.
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Пікірлер: 157

@finance.boosan 3 ай бұрын

Basics of Stock Market Investing : www.financeboosan.in Join Learner's Community : kzfaq.info/love/mfl6VteCu880D8Txl4vEagjoin

@royramsurya8849 3 ай бұрын

Annual Information Statement vs Taxpayer Information Statement pathi Detail video podunga bro. Prevention steps pathi sollunga bro

@aruldilip9430 3 ай бұрын

U r nri so are you investing in anyother stock market?

@loganathan271993 3 ай бұрын

Hi sir any basic videos for mutual funds .because nenga fasta solringa.na learn pannanum nu nenaikiren but enga erunthu start panrathunu theriyala can you guide me. Basic la erunthu learn pannanum na eppadi start pannanum

@PugalRK 3 ай бұрын

You are really underrated channel you deserve more...

@BECASWATHS 3 ай бұрын

Super bro I asked this question for long periods even messaged you at Instagram but today make an video of it ❤❤❤❤❤ thanks bro

@user-uk7mm4ge2i 3 ай бұрын

Have been searching this info for a while, great explanation brother. please carry on your good work.

@PugalRK 3 ай бұрын

I was looking for this information.thanks for sharing really useful video👏👏

@AdmiringIntrovert 3 ай бұрын

Wow.. I didn't know about carry forward. Thanks a lot bro 🙏🏼

@selvadurais1791 3 ай бұрын

Ivlo information !!!, very useful. Beginner need to watch this video multiple times

@Shobi1993 3 ай бұрын

Very useful information ❤ Thank you bro

@Diwakarviswanathan 3 ай бұрын

Thanks much for much needed and insightful video.. greatly appreciated.. 1 clarification regarding buying of stocks on t+2 to get the benefit of ltcg.. does buying only on t+2 will only consider the stock to be long term and avg buying goes up/ down depending on the price? Or we can buy on t+1 or t+3 or greater?

@Shiva.a.d-hu8eh 3 ай бұрын

Great video❤

@vishnup7979 3 ай бұрын

You are great in explaining everything 😅awesome channel

@ravichandran-ut8iz 3 ай бұрын

Whether inteaday loss during current year can be adjusted in STCG or LTCG during the same year? Whether intraday loss of previous year can be adjusted against STCG or LTCG? of current year.

@pragadeeshs7143 3 ай бұрын

Hello boosan. Can you please tell the difference between equity funds and index funds..? Which one is better to invest...?

@ajaiaravinth 3 ай бұрын

Very useful brother ❤

@samrajkumar7259 3 ай бұрын

Is it necessary for the money to be credited to my bank account in the case of mutual funds? can I sell and buy the mutual funds on the same day itself for it to be qualified for tax gain harvesting. Because I heard that if i do on the same day in stocks it will be considered as Intraday transaction by the brokers. Please clarify

@PremKumar-lo2fy 3 ай бұрын

very nice information

@selvipugal2580 3 ай бұрын

Useful information

@arthinatarajan994 3 ай бұрын

AWESOME video

@tamilnanba852 3 ай бұрын

Already tax is deducted during redemption by that particular AMC. Is tax is deducted again while filing ITR

@divyar8786 3 ай бұрын

Bro. Which index fund is better to invest sip for 3 years? 1. Quant ElSS (or) 2. Zerodha ELSS large midcap 250 index. Please clarify?

@itsmywindow 3 ай бұрын

Why do we need to wait for T+1 day to buy lost booked stock again if you have 2 Dmat accounts.? Plz clarify!

@jeemessi6798 3 ай бұрын

Bro na pb la tata smart sampoorna raksha investment plan pota is good or not niga reply pannuga

@anesthesiaupdates3231 3 ай бұрын

Will it affect compounding?? You have raised the same question in video but it was not answered. Please let me know.. Thankyou

@selvaselva4630 3 ай бұрын

sir, intraday option income will attract taxes, if so on what basis, how much can be taxed, how much will be my capital to avoid tax

@mr.unknown3130 3 ай бұрын

Is it good to do sip in magnificent 7 for long term

@vigneshpalanivel4973 3 ай бұрын

In Zerodha charges and taxes are showing seperately, does that mean it's not subtracted from profits? Can we subtract these charges on capital gains?

@jegadeeshjegadeesh3947 3 ай бұрын

Can I buy a share at dividend announcement date and exit before ex date for short time price appreciation ?

@gm8685 3 ай бұрын

Bro already Uti elss , Uti mid cap and bandhan small cap la invest panren, ippo 4th fund ah Nifty next 50 polama illa nifty next 500 value 50 polama

@user-ht3cm2mx1h 3 ай бұрын

Bro short term capital loss ha long term and short term capital gain rendulaium set off pannalam

@nalinirajendran80 3 ай бұрын

Thank you..😊 How to choose best mutual funds under debt category bro?

@shiyanvikram4984 3 ай бұрын

Bro concept purila idha inum konja theliva oru oru video vaa podunga bro, nice topic but konjam complicated aa iruku episode aa potu puriya vainga

@sivasakthithangavel4262 3 ай бұрын

More informative. Thanks Bro. I invested in India stocks and bonds as a resident instead of non-resident. How do I restructure my investments?

@breakthestandardz 3 ай бұрын

Sri pls share best term insurance plan which one to choose like max, lic or ta ta AIA

@aravindrooswelt4734 2 ай бұрын

How will it apply for Index fund with SIP amound in december ?

@Bharani167 3 ай бұрын

Nice video bro❤. Please do a video for taxes, from profits made in forex markets and forex trading

@vignesh_krishnamoorthy 3 ай бұрын

Thank you bro

@ARUNSRAJ44 3 ай бұрын

Intraday losses can we able to show in IT filing

@venkatramananparthasarathy8861 3 ай бұрын

Bro brilliant presenatation and a great video..a big fan of u Kindly clarify....is STCG not 15.4% including cess.... u r saying its 15%..

@PraveenKumar-zs4yf 3 ай бұрын

Very good video, I have a question, there are broker who provides MTF facility like 2x,3x,4x) in that case how tax will be calculated, if we consider2x, 1,00,000 i have invested, another 1 Lakh broker has given me, so 2 Lakh worth stocks i have purchased. Now i am paying interest for the 1 lakh which broker has provided me. So can i show the interest paid and reduce the tax.

@Hhh-zq3mj 3 ай бұрын

what you think about absli nishchit aayush plan which is good or bad bro ? please reply...

@aravindanksuriya460 3 ай бұрын

What is offset??

@karthickbabu3633 3 ай бұрын

@Useful.Information.Boosan Bro I saw your health insurance video, it was very useful. One of my family member suffered from cancer and recovered long back. Do we have any health insurance for Cancer recovered person?

@justbe3708 2 ай бұрын

Hi bro, i already getting Bonds and FD interest yearly, is it included? Or 1 lac profit from equity separately? Thanks

@smanish24 3 ай бұрын

Futures, options,forex loss how to show in which itr form. I am pensioner

@kumars2161 3 ай бұрын

As per my knowledge the LTCL can offset with Only LTCG, but the STCL can offset with both LTCG & STCG

@karunakarant7965 2 ай бұрын

@mubijaffar3257 3 ай бұрын

I have one doubt who can download this AIS settlement record I mean IT fill pnadravagadha download pna mudiyuma or any pancard holder can download this ??

@nandakumar24 3 ай бұрын

Ltglitbees, vs glitfund which one best to go on tax risk ,

@theincrediablesk9014 3 ай бұрын

Let say i am investing in mutual fund through SIP for a year(jan-dec). Then after 1 year let say i have a profit of 2 lakhs. Now i cannot sell all the mutual fund units, as i was investing even in the December month. 1 year happened for the units that are purchased in jan month. So do i have to wait another year for selling?

@PraveenKumar-vz4dy 3 ай бұрын

thanks for this video dude , actually i'm having an doubt, I made an research for me about which is better sbi cap or zerodha (in my point of view zerodha is better) (In equity delivery sbi -0.5% but in zerodha - 0) but , the problem is i said ok when the sbi employee asked me to open demat account a month ago , what should i do now ? 1.have two account with amc charges (im gonna invest in index fund only for next 2 to 3 years since im ug student so amc charges is not negletable for me... ) 2. cancel sbi cap and open zerodha kindy replay this sir thanks in advance... and also guys if you r me what would you do??☺

@prabhakaran4089 3 ай бұрын

Bro, how to invest in bonds without brokers help and also explain how to buy listed bonds in second hand market.... please explain step by step...

@anitharamaswamy2142 Ай бұрын

Hi , can you please explain abt tax for gold bees ? How much percent for short term and long term

@higt5250 3 ай бұрын

I have a question that if I have inverseted 2 lakh and then i am leaving india for work what will happen?can i trade from abroad?

@Artbylittleheart 3 ай бұрын

Wow. Such an awesome teacher you are. Thank you very very much for such excellent videos. All are very clear and straight to the point. Wish you reach more & more heights in your life. Keep up your good.🫡

@SKhasan890 3 ай бұрын

Hi bro . Quant small cap fund . Quant small cap fund direct growth rendume same aa bro ?

@sanjaysmartzz5725 3 ай бұрын

Hi bro!!! I have a doubt. If my earnings are less than 7 LPA which includes all sources of income, am I need to pay short term capital gains tax?

@natarajanb3110 3 ай бұрын

Mutual Funds only withdraw time paying income tax or financial year profit also includes my gross salary sir...

@mani3411 3 күн бұрын

Super

@vignesh_krishnamoorthy 3 ай бұрын

If I my only income is equity STCG and if it is less 2.5L should I still pay STCG TAX?

@teastories4050 2 ай бұрын

Sir how to gile itr3 any paid service

@anandkumar-el7he 3 ай бұрын

Bro na work porathu ila only market tha ,45k profit paniruka apo na tax kattanuma

@govindant2445 Ай бұрын

Hello boosan. How to carry forward the losses?? Pls explain

@Selvaa_24 3 ай бұрын

If I am getting 4LPA in my job and have capital gains in equity and crypto, Shoul I need to pay capital gains tax?? Please reply Boosan

@ficusglobe9546 3 ай бұрын

Pls also guide members to save tax, who have gained only profit more than 5 lacs without any losses in a financial year.

@dhilip23691 3 ай бұрын

Hi Bro I have a doubt if I am investing in sip monthly as 1400/- INR for 3 years . And if 96% interest is returned . The total money i receive is 98784/- . Do I need to pay tax or not . And mutual fund sip says 15% interest before 1 year or 10% interest after 1 year What does it mean. Whether it means maturity date (3 years) or 1 year after maturity date.

@Ashokkumar-es5je 3 ай бұрын

How to do tax harvesting in SIP ?

@kannankumar8167 3 ай бұрын

NRI also take advantage for 1lakh profit tax benefit?

@praadad1 3 күн бұрын

suppose getting profit and 6 Lkakhs and currect stock year alos is in profit,.how we can handle it ??

@jagdishbharathi 2 ай бұрын

can reinvesting help avoid LTCG? If I transfer ownership to my wife or child, how is LTCG evaluated?

@vishnuv5955 3 ай бұрын

love u anna❤

@sureshkanna4339 2 ай бұрын

I have a doubt I'm already tax payer from my salary. If I book a profit of 1L in Stocks this financial year. Do I need to pay LTCG/STCG for this 1Lakh or not? You were saying for 1L we no need to pay. Will this be added to my gross income along with salary?

@VijayKumar-fz8ul 3 ай бұрын

Apo 5L keela salaried persons captial gains tax katta thevai illaya bro

@sangeethadhanu7252 3 ай бұрын

Hi sir, actually I really wanted to know about National Pension Scheme could you please explain through a video in detail...

@karthick_only 3 ай бұрын

70% of the people olunga tax kattuna 5% tax potta podhum Aana enna panna only 5% people than tax kattaranga Athaiyum sollunga

@sureshsumitha9143 24 күн бұрын

வணக்கம் சார், log term capital gain மட்டும் தான் source of income ஆக இருக்கும் போது, Rs.35000/- இருந்தால் கட்டாயமாக IT File செய்ய வேண்டுமா? வேறு income இல்லாதபோது நமது தனிப்பட்ட expenses கழித்து tax கட்ட முடியுமா? தயவுசெய்து அறிவுரை கூறவும் 🙏🏿

@SivaKumar-dd3zn 3 ай бұрын

Hi bro , எனது சந்தேகம் எடுத்துக் காட்டாக விளக்கமாக சொல்லிவிட்டீர்கள். Loss Carry forward இப்போது தான் தெரிந்து கொண்டேன். போன FY ல் எனது Auditor ரிடம் விளக்கம் சொல்லுங்கள் என கேட்டேன் அதற்கு அவர் எல்லாம் சரியாக செய்து விட்டோம். என சுருக்கமாக சொல்லிவிட்டார். எனது knowledge க்கு உட்பட்டு இந்த வருடம் plan பண்ணி tax Harvesting செய்துள்ளேன். ITR filling பண்ணும் போது தெரியும் நான் எந்த அளவிற்கு சரியாக செய்துள்ளேன் என தெரிந்துவிடும்.

@bspinytvideos2522 3 ай бұрын

Pls share about ipo sir

@sudharshansri8131 3 ай бұрын

Pls do a video about PSU mutual funds

@janaarthanari4742 3 ай бұрын

SIP separate video guidance please

@ajitsrinivasan8629 2 ай бұрын

Ippo Naa 600000 ku oru Stock vangi 1 year ku Hold pandran athu 15 percentage return kudutha 690000 ah aagidum Then Naa Antha Stock ah Sell panna No Capital Gains tax and again same stock ah 690000 ku purchase panna ennoda Profit tax free ah Grow aagitay irukum la ??

@kpmstudio24.14 22 күн бұрын

Nrml stock 1 lak varaikum profit income tax pay pannanu ah bro

@parthipank6667 3 ай бұрын

Boosan, please put a video, how NRI can invest in Indian market please

@jeyseelan3556 3 ай бұрын

Will tax harvesting of mutual funds affect the compounding ? Please clarify

@finance.boosan 3 ай бұрын

It doesn't affect compounding. Assume that you sell a MF at a loss of ₹2,00,000, it would offset potential gains, saving you ₹30,000 (₹2,00,000 * 15%). So, by strategically selling investments at a loss, you can reduce your tax bill. However, this doesn't stop your money from growing. You can reinvest the remaining amount, keeping your money working and potentially growing over time. Thus, tax harvesting allows you to manage taxes without affecting the compounding of your investments.

@raghulrajesh8309 2 ай бұрын

Bro i had invested just 1000 in 6 diffrent index fund like HDFC nifty 50, nippon large cap, axis small cap, motila nofty small cap, nippon small cap. Is this good or bad, just say that alone bro. If so i will stop

@shanthie5429 3 ай бұрын

Very useful...Pls try to talk little bit slow

@manisankarr6194 3 ай бұрын

Hello Boosan, I know there is a possibility for loss of debt funds also. Carry forward works is same way?

@finance.boosan 3 ай бұрын

Yes it works the same way

@manisankarr6194 3 ай бұрын

@@finance.boosan thank you. Can we offset debt loss with FD/Bank interest? is that possible?

@prabhus3737 3 ай бұрын

Instead selling, can we use gift or transfer also can use right for tax harvesting

@blockchainy7495 3 ай бұрын

Pls answer bro❤

@prabhus3737 3 ай бұрын

@@blockchainy7495 that is i am following.. Transfer to my wife account, At the same time we will not loose one or two day price change. Use this only for that stock u have highly confident else sell and buy other syocks.

@rajarajanarivazhagan1081 3 ай бұрын

I am getting less than 5 lakh by swing trading within 1 year, But i am not getting more then 7 lakhs per year I need to pay tax for short time capital gains.. right..??

@mjayapraba6999 3 ай бұрын

Hi bro I follow sip navi nastaq 100 fund of fund( 2 months ) But now that sip not available swp available Why I paid sip 100000 still now

@yaazhthiliban1526 3 ай бұрын

Akshat video 😮

@mohammedrafic5218 3 ай бұрын

New Tax Regime : we have 7 lakhs relaxation for year so, why should I need to pay for 15% short term tax or long term tax 10 % in the below of 7 lakhs income per year ? Please reply We need another one video for how should pay tax in the portal full explanation.

@Gunakkunru 3 ай бұрын

I too have similar query. If my profit fall within 7 lakhs, why should I pay tax?

@raajeshdhiva4252 3 ай бұрын

if incase person doesn’t go to job only he withdraw the investment long term stock for expenses and that to within 5lakhs for FY . still he need to pay tax for 4lakhs

@priyasha4438 3 ай бұрын

Hi sir..i regularly watching your videos ..I saw your course link that is video method or reading material??..what kind of details are there?..plz reply for join that course

@finance.boosan 3 ай бұрын

It is an online course with pre-recorded video content covering topics on basics of stock market investments .

@biggbossultimate844 3 ай бұрын

Bro compound affect

@staticprofit 2 ай бұрын

( F&O - Tax )please explain bro

@harishmothi5 3 ай бұрын

Sir, Hello, I'm a middle-class person looking to invest Rs. 10 lakh in an IDCW plan that offers a guaranteed monthly income. Could you please advise which plan would be ideal for me?

@vinothkannan968 3 ай бұрын

Video for Gift stocks bro and taxation on that

@harishb3207 3 ай бұрын

Hi Boosan, I need some clarification, I sold some IDFC shares for Long Term Capital Gain Tax Harvesting purpose. I sold it on Friday(22-03-2024), so can you please tell when I should buy the same IDFC shares on 26-03-2024(Tuesday) or 27-03-2024(Wednesday) in order to get tax harvesting benefit ? Note: 25-03-2024 (Monday is a holiday). Please clarify my doubts.

@informationinfinity5187 3 ай бұрын

You should buy on Wednesday.

@harishb3207 3 ай бұрын

@@informationinfinity5187 Thank you. Just for confirmation , can you please clarify? Are there any rules like that we have to Buy only after two business days in order to get Tax Harvesting benefits? Because I have searched many articles online but nowhere I found like we have to buy only after 2 days. It would be helpful if you share any articles related to the same. Thank you in advance.

@informationinfinity5187 3 ай бұрын

@@harishb3207 if you have 2 demat accounts in same name, you can sell in one and buy in another demat account to avoid this. If you have only one, then t+1 should be followed to avoid the transaction to be considered as intraday.