Pay ZERO tax on stock market income - Tax Harvesting | LLA

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It's all about finding some legal loopholes and one of them is the 1 lakh limit of long-term capital gain tax on equity. Let's understand how you can save 10% LTCG tax on not just 1 lakh rupees but 10 LAKH RUPEES.
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Chapters:
0:00 Intro
0:26 Tax Rule on Equity
1:22 What is tax harvesting?
3:57 How will it impact compounding?
5:17 We made something amazing
5:56 How to implement tax harvesting?
12:35 What about exit load?
13:40 Bonus Tip - Tax-loss harvesting
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#tax #capitalgain #investing

[LabourLawAdvisor]

Edit: Jagruk Janta have commented that buying and selling on same day counts as Intraday and app does not consider it as CG. The solution is to do it in mutual funds as it very easy to get the same NAV for buy and sell (if you place both orders on same day, during early market ours).

[rohitchoudhury]

First of all you will need to sell 7-10L worth of shares to book 1L profit considering 10-15% return. Second you need another 7-10 L to buy back the same stocks on the same day as broker won't release your funds immediately to buy back the sold stocks. +Extra brokerage, DP charges etc. But yes you can save some tax but it won't matter in the long run.

[ashishingle]

0:19 whenever i Hear this I know the next 15-20 minutes are going to contribute in my knowledge 🤩❤️👍

[mradultiwari]

*le Government: Jor jor se chillake sabko scheme batade 🙄

Nice video btw 🤓

[arjain]

If we buy same in same day, it will be intraday that mean no quantity will be deducted and no quantity willl be added. You have to buyback that share after 1 day.

[rajveersingh]

This guy is helping us so much to grow financial knowledge...

[ashteshdiwakar]

Wow, finance is really amazing.
I never realised we could do such a thing.
Thanks alot for the hack.
Awesome content.
Really enjoyed and loved it.

[mirzahaiderbeg]

The problem here is that in second year the price of share won't be 3 lakh it will be close to 4 lakh. If there is linear growth in market. So this technique doesn't make sense.

[jjainam]

While taking advantage of harvesting in mutual fund, we will have to pay 0.05% stamp duty every time. that must be taken into account.
and incase of stocks, brokerage gst stt and other such charges must be taken into consideration.

[AmanNankani]

I'd like to add one more point in the case of Mutual Funds:
Some of the Mutual Funds don't accept lumpsum deposits, so if you withdraw the units for tax harvesting, you won't be able to buy the units back because lumpsum deposits aren't allowed.
Just wanted to mention as to keep a watch on such Mutual Funds before withdrawing and regretting afterwards.

[vivekpuri-]

This video will definately be the most shared video of the year. Thanks a ton.

[ShubhamBansal]

Buying and selling on the same day gets considered as intraday transaction and capital gains remain as it is. There has to be a gap of 1 day between buying and selling to harvest gain or loss

[miltukumardas]

You have to pay selling as well as buying brokerage 10 times each + buying price will be higher than selling price each times +STT each times . Totally impracticable !!!

[ashish]

One more pro tip: If you have invested in regular mutual funds, then place the sell order for regular units and buy order for direct plan units on the same day. You will do both tax harvesting as well as switch to direct plan which will save commissions in future.

[bhaskarmukherjee]

Very interesting concept. Thanks.
1. In case of equity what about brokarage+stt overhead?
2. Sometimes buy and sell prices differs in same instance. In those cases what to do?

[richaajay]

First time dekhe aapke video.jo Mann mei questions aate the, but answer kahin se nahi milte the, sab answers mil rahe hai.will see your videos regularly.Thanks a lot

[arpitgoel]

12:35 agr 1 year s phle bech diya to STCG hoga jisme 1lakh wala benefit ni milta.. jitna accha sunne m lgta h usse bhi jyada complicated concept h y

[PramitBiswas]

For stocks, It will be counted as intraday transaction (not useful for harvesting), BTST or STBT can be done based on situation for harvesting. IMO.

[anuragverma]

Last 10 min’s information is very crucial, Thank you so much for this vedio🙌🏻

[dobhalamit]

This cannot be replicated in equity on the same day, cos the transaction will be considered will be as intra day and the shares won't be debited from your demat account.
Only exception would be trade to trade shares where you can purely trade deliver only.
To replicate your theory, , u can buy shares the next session.