Tax Harvesting: How to Save Tax by Tax Harvesting

Let's take an example if you had bought stocks worth of 50000 on Jan 2021 and they hit new high of worth 1,40,000 in Jan 2022, now all you have to do is to sell the stocks on same day and buy them again (like intraday trading) so that you were able to avoid tax since it didn't exceed limit of 1 Lakh Capital gain

This loop helps only with Long term capital gains usually 1 or more year for equity stocks and 3+ years for mutual funds

Also reinvesting same amount money within certain period to stocks or funds only will help or else you may lose other benefits like dividends/compounding factors in mutual funds

This is my first post here in deepslash and I'm very excited to share my ideas on finacial investing,IT,Personal development etc.

Please do slash and Support!

Sivachandran✨