Avoid these transactions while saving TAX through TAX Loss Harvesting

SAVE TAXES, MAXIMIZE GAINS! 📈

Did you know you can reduce your tax liability by booking unrealized losses? 🤔

Introducing Tax Loss Harvesting (TLH)! 📊

TLH helps you offset gains by selling losing stocks or mutual funds, reducing your taxable income.

Set-Off Rules:

✦ Long-Term Capital Loss (LTCL): Set off against LTCG only.
✦ Short-Term Capital Loss (STCL): Set off against STCG or LTCG.

Carry Forward Losses:

✦ Both STCL and LTCL can be carried forward for 8 assessment years.

Tax Rates:

✦ STCG: 15% (till July 22, 2024), 20% (post July 22, 2024)
✦ LTCG: Tax-free up to ₹1.25 lakh annually, 10% (till July 22, 2024), 12.5% (post July 22, 2024)

Execution Guidelines:

✦ Sell today, buy tomorrow: Sell between 3:15-3:30 PM, buy back between 9:15-9:30 AM (next day).

Don't let taxes eat into your gains! Use TLH to minimize your tax liability and maximize your returns.

Share your thoughts on tax planning in the comments below!

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