Banks to remain open on Saturday for our year end accounts saaf-safai work.......but it is better not to wait till the last day....we can do it today or on internet banking in next 2 days.
ITC Mar 260CE @ 0.3. I feel it might move considerably up today as spot has to move up to 260 zone today based on EW. If anyone is tracking ITC, you may please share your views based on your analysis
Today I came to know about Tax-loss harvesting method knowledge shared by Zerodha. Looks like one of the smart ways to save tax at the last minute. Hope it will be useful.Please also share your views if you feel any disadvantages in this method so that it will help everyone.thanks and thank you zerodha https://zerodha.com/z-connect/traders-zone/taxation-for-traders/tax-loss-harvesting-2017-18
I have been using this for reducing short term capital gains for last few years. I have also posted in this thread a few times on it.
But from next year onwards its attractiveness will be reduced as LTCG above Rs 1 L is taxed at 10 % so we save 15 % short term capital gain tax but have to pay 10 % LTCG Tax so the benefit is only 5 %
I have been using this for reducing short term capital gains for last few years. I have also posted in this thread a few times on it.
But from next year onwards its attractiveness will be reduced as LTCG above Rs 1 L is taxed at 10 % so we save 15 % short term capital gain tax but have to pay 10 % LTCG Tax so the benefit is only 5 %
I feel it doesnt have to do anything with that 5%. as long as we have STCG and the current short term holdings are in loss (if they are not meant for longterm investment) then it is better to book loss on those shortterm holdings and hence STCG will get reduced so does the Incometax. Please correct me if I am wrong.
you should definitely be surprised if it didnt hit LC.Yesterday itself it gave the clear signal. Dont worry. you will get this stock at dead cheap price
ITC Mar 260CE @ 0.3. I feel it might move considerably up today as spot has to move up to 260 zone today based on EW. If anyone is tracking ITC, you may please share your views based on your analysis