Steps To Do 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
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How do I calculate my taxes?
If you've bought crypto, HODLed, and sold it later, your tax liability should be fairly easy to calculate. Let's look at a simplified, US-based example.
Here's the formula:
- Fair market value - Cost basis = Capital gain / Loss
- The...
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