How to Offset Profits against Losses to reduce Tax Payable - LTCG/STCG | Manish Jain | FOW 25
Channel: Friends Of Wealth
Date: 2024-02-23

How to cover loss in share market?
How to reduce taxes?
How to reduce capital gains tax?

Financial Year is going to end in 5 weeks time. It is time to practice "Tax Harvesting" to benefit from Income Tax exemptions as well as rules allowing certain levels of offsetting between profits and losses. Coverage:
a) Long Term Capital Gains
b) Short Term Capital Gains
c) F&O
d) Carrying forward losses via ITR for upto 4 years

The video also provides nugget sized Best Practices learned over 2+ decades in the financial markets.

This video is for educational purposes and not an investment advise. Please consult your registered financial advisor or CA before taking any financial decision.

Income Tax laws are subject to change, and I might have interpretted certain laws incorrectly. Please share feedback via comment and I will be happy to research on the comment, and provide a correction/clarification.

Thanks as always for watching the video!

Manish Jain: https://www.linkedin.com/in/manish007/

0:00 Introduction +
1:10 Long Term Capital Gains
2:21 Short Term Capital Gains
4:35 Timing The Markets - Can we?
7:00 Case Study 1: HDFC Bank
9:00 Case Study 2: Tata Technologies, Strategy for new listings
10:20 Benefits of Tax Harvesting