ST sir.... do u see Bajaj finance fundamentaaly hit by demonnetization move... as it is mainly under consumer durable finance which will be impacted to certain extent....
one more thing need to know...can i add shares in bajaj finance... i mean dont it affect my share split tax harvesting....... bought 2 shares....which became 20... now taking benefit of 18000 rs as equity loss... so my queries are:
1. i have to hold remaining 18 shares for atleast 1 year?
2. can i add shares...wont it affext tax harvesting?
3. can i sell add on shares before 1 year.....wont it affect tax harvesting?
1) 2 original shares plus 1:5 split so 10 shares you can sell now and book short term loss....same shares can be bought again tomorrow and that will be a different investment.
2) You can add shares ,that will be different investments , it wont affect tax harvesting.
3) 10 shares are bonus part...it has purchase price as zero...if you sell after 1 year, it will be tax free gains...if you sell before 1 year, you have to pay short term capital gain tax ( sell price - 0 as buy price)* 10
ST