A simple TAX SAVING strategy, which can SAVE you LAKHS! (Legally!) | Tax Loss Harvesting
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- Опубликовано: 21 мар 2024
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I save taxes by selling stocks.
Yes, it is tax-loss harvesting - but the process has more nitty-gritty than you think.
In this video, I explain how I use this strategy. Watch it till the end :)
P.S: NOT AN INVESTMENT ADVICE. Please do your own due diligence.
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Attributions:
Stock videos from Pixabay and Pexels
Logos: Wikipedia Commons
Video and TN editor: Ayushman Khare
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👉You can learn more about MLD on Incred Money:
bit.ly/incred-money-mld-akshat
👉Know more about bond investing on Incred:
bit.ly/Corporate-Bonds-Akshat
[There is a Holi Sale going on and you can get around 13% returns on good quality bonds]
👉 Other platforms where you can learn more:
www.aspero.in/
www.bondbazaar.com/
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Vauld 😂
Vauld vs incred-money
Is it safe to
😊
0
Why we have the strongest years and new ATHs? Answer is one word: AVMGPT
Your theory of Buy Low and Sell High has been flushed down the toilet 😂
Bro just made a video to show he is doing tax loss harvesting by selling you Incred Bonds 😂😂😂😂
🤣🤣🤣🤣🤣🤣
Damn everything is a business. Why would he tell you anything for free. He is there to earn, make wealth and become rich. We feel Google is free but we never know users are actually sold. Relax and enjoy the show.
And dont forget to join the community .
And one more thing , do join the community 😂
This is a bullshit!!!
You have lost 30-37% of capital, reinvesting that to someother asset has to bring atleast 35% gains to compensate that!!
Do you really believe compounding will work like this??
Akshat, 99% of Investors can't even relate to your style of investing. People doesn't have that level of privilege to Invest lakhs/crores of lumpsump amount and then selling after every few months. Salaried class people can only afford to Invest a certain amount on monthly basis, that too for longer periods.
An impressive array of information out of experience and always leading from the front by self example and sincere ethics.Great use for upcoming & existing investing community.Many thanks
Being CA, I can suggest one strategy for small investors.
Every year, make sure you book long term profits of 1 lakh, which is tax free. So If you haven’t booked it already, sell some shares to book 1 lakh profit and you can buy it again later.
Is it tax free, if we also have taxable income from salary ?
Yes
How much amount is tax free?
@@soniasmelodiouslandlong term profit of 1 Lakh is tax free.
Is it tax free in new regime too?
HAHA.... Actually before 2 months i made a portfolio but didn't know when to sell it. I was sitting on 15% profit on my capitial. But from last week i lost almost 50% of my gains. But I'm still not worried because for the following reasons.
1. It was my experiance to invest in market and making a portfolio.
2. It made me more clear when to book profit.
3. In my family i am only one who is investing in stock market.
4. I got my first job one and half year ago and i have only spend on investing.
Thank you Sir Akshat for making this channel because it has helped me a lot to understand about the market.
I am still not member of your community but i am hoping to get into your community.
Join the community. It will help you to stay invested without panicking during market crashes.
I learn lots of from this community... Thanks for teaching us ❤
for saving 5 lac of taxes is it fine to book a 38L loss. practically we are loosing 32 L to save 5Lac
Learning so much from you . Thanks.
Hello Akshat,
What is your total capital for 2023-24 FY ?
if you have a sizable position you can buy futures and sell some far OTM call or puts in order to offset the premium paid in futures, will work if u feel you might miss gains during that period
Learnt new thing today - Tax loss harvesting ❤
Husband sells for harvesting loss and wife buys at lowest existing rates
Hello sir
Sir what about Hindustan Unilever it is trading 52 week low should we buy it
5 times promoted his member community and 3 times incred bond brand promotion.
Channel was better earlier
But still better, he is honest & transparent.
@@SamvadSoul he is ctya
Indiabulls housing Finance and Asian tiles granito you can consider for long term. The fundamentals are improving in these two company. Or sara game hi fundamentals, sahi valuation par entry or most importantly conviction ke sath patience se hold karne ka hai.
Bro is recovering loss by getting in more subscribers to join his membership and not by actual trading
So which is a good bond to invest in .
Hi Akshat, Your videos are very very helpful
*Capital Losses*
Long-term capital losses can be adjusted only against long-term capital gains.
Short-term capital losses can be set off against long-term capital gains as well as short-term capital gains
However STCG cannot be offset by LTCL
Awesome Akshat like your style of explaining
Very informative and useful video. ❤❤❤
Thanks for this video.
1 question about long term loss selling. If we are going to buy them again in next 30-40 days then I don’t see any use of tax harvesting.
We will be just delaying the tax. And we might end up paying 15% if target is achieved earlier. It would be loss making strategy in that case.
Is my understanding correct?
Bingo. If you sell now and buy later you are just postponing tax liability and in fact will pay more as your holdings will convert to short term.
Simply Great....
Hi, If we make profit in few stock and don't redeem it(just kept holding, but the price of the stock keeps increasing),, even then should we pay taxes.
OR I made profit in X stock and reinvested the profit in some other stock, then what would be my tax liability.
Please explain. thank you
Kindly let me know if we invest the same 1cr for purchasing home .. Is it tax free for entire 1cr..?
Akshat can you please guide and make video on rights issue? Recommended not recommended etc.
Tax loss harvesting is a lie. You are not avoiding tax rather you are postponing tax and end up paying higher tax!
Nahi, please do the maths. It helps, I am doing from last few years since Ankoor Warikoo made a video on this.
Yes it is correct. let me give an example.
Let's say I have invested 2L in HDFC and TCS stocks,one lac each. Now let's say in a FY, TCS gave me a return of 15% and I sold it for 1.15L and made a profit of 15K. Now let's say, In the same FY HDFC is down by 15% and now my HDFC investment amt became 85k. I don't want to sell my HDFC stocks but for tax harvesting purpose, i sold it and bought it again(assuming on the exact same price). So my effective taxable amount become 0. And my investment in HDFC stock is now of 85k. Now next year let's say the invested amount became 1L and I booked the profit. Now this time the 15k will be considered as my gain and have to pay tax on that. So tax harvesting is good if we want to exit from some of the lost making stocks, but if we plan to sell and re-buy stock for this purpose, we are just postponing the tax to next gain(which is still not a bad thing except you are paying the stt and brokerage)
@syedyaser8753 this is right for players in 7 figures, but now for big players.
@@syedyaser8753no use...you are just postponing tax and might end up paying extra tax. Do the math of two years tax. This guy is making fool of all.
Hey akshit please give clarity on rajesh exports. Should I hold it.
Veey good video for all retail investors !
We did not know ew the rules of not buying and selling the same day so I did that.
What do we do ow as we have still some days left ?
Shall we again sell them?
Can we sell here and buy from my another login the same day ?
Very explanative good video
My question is ltcg & stcg is on profits which we make on investing in stocks...
Suppose we sell a stock in loss (eg. Bought at Rs 100 , sold at Rs 80, total loss Rs 20) then is it taxable ?? I think no question of paying any tax...
Tax is on gain (profits) which we make not for loss...
Please correct me if my thoughts are wrong...
From where are you buying and which company small cal 250 fund??
smallcap250 index fund is a new theme started a year back and it is now highly popular, i have purchased nippon and ICICI (Nippon India Nifty Smallcap 250 index and ICICI Pru Nifty Smallcap 250 Index Fund). Wait for few days and then start investing by looking at the price as it may go lower next week.
@Akshat, I have noticed that you are sitting on loss upto 30-35% in some stocks, as per your this video. My question is about stop loss..... have you not considered it. Pls specify.
Thanks
Ram
Long term investor he might have done it on fundamental basis... Not price chart
Because for small caps it's normal to fall 30%-40% and recover too.... Invest looking at your risk appetite
I guess Akshat portfolio is 10-15Crores... So for him these are small bets
He targeted the 15% discounted range of these stocks, and though it might cross the current highest price but unfortunately it went down lower than 20% than the purchased price, with a total fall of 30% to 35%. The best strategy is to do moderate SIP investing, so you have some amount to do downward averaging. My loss making stock just 11 out of 38 stocks, with a loss of less than 5% in the current scenario. So my loss is offset with my profited stocks.
@@adbhutcivil no it's around 35 to 40 cores
can losses and ltcg and stcg combined.? I understand ltcg losses can be carried forward till up to 8 years
The EV sector charging Up in March from Dip-buyers. * FSR.. Fisker. 81 million avg daily trading volume.. Ocean wins IF Design award for Best Electric SUV... Tata Motors.. BYD.. Polestar.. Rivian.. Lucid CHPT.. ChargePoint and more. Thumbs Up video / comments.. Thanks.
No one on youtube has the guts to accept mistake and show losses.. this shows how genuine he is 😊
Love you sir
Making money in market is really tough. Not many people will show the losses.
He is showing bcoz you all are the BAKARA of him😅
@@peter857fr I don't blindly follow and take all his recommendations bro.. he is in loss but I am in profit becoz I play with stop loss.. you learn from all and can play a different game
very good advice. Thanks. I will sell loss making stocks and invest in multicap, mid or small cap mutual funds. Thanks
How can I book losses in some stocks like NEPC micon, kesoram textile, shree ganesh jewellery which were quoting and were traded but lost value and no longer traded but are listed.
Can we enter small cap 250 index now.?I haven’t invested in small cap before? Kindly take my question for new position for 3 to 5 year
@Akshat, how about Auto sector for 2-3 yrs view, I am sitting on decent profits. MoM sales appears to be looking good. Kindly provide ur view.
Hi Akshat, thanks for very informative video as always. I have one question regarding buyback of stock at the same price, how tax loss harvesting will be beneficial in that scenario?
Let's say I bought a share at Rs. 100 and I want to sell it at 50% profit which is at 150/- Now considering it as LTCG, tax would be 5/-.
Now, let's say the current price of the share is 80/- and I am certain it's a good stock (like HDFC, Kotak etc.) and it will go up. So sold it and bought back at 80. Now after a month it goes to 150 and I sell it. Now my realized profit would be 70 and net profit would be 50 (70-20) and the tax would be 5/- which is same as the case without tax loss harvesting.
In some scenarios where we sell at a loss and buy back, we have to pay STCG tax at 15%, whereas if we had not sold it, it could have fallen under LTCG, allowing us to save on taxes.
So, do we have to follow this strategy only when we are certain that we are booking losses on a bad stock, where we don't see upside potential coming anytime soon?
Could you please clarify on this point?
One of the best youtuber ❤❤❤
Have you booking loss on Hdfc bank in near future?
What about losses resulting in reduced overall amount and hence reduced capacity to buy same quantity of share. Hence not always 100% strategy, though a possible juggling way to evaluate and take cautious call.
Hey Akshat, how did you set off 2023-24 losses against long term gains when you effectively had positive short term gains in the same year? Did you carry forward losses to set off from previous years ? Thanks.
Is it ok to book loss and buy next day.. helpful?
Hello @Akshat... Can you please throw some light on Sterling and Wilson. Is it the right time to invest in this stock. Thanks
in tax harvesting effect of costing on other cost ie stt on sell n on rebuking whis is imposed on total sale n purchase value approximately 0.2 % is not consideredn explained ,which might be equivalent or more of setoff taxes , please explain to understand real savings.
thanks CA
KAMLESH JOHARI.
Kamlesh johari CA
I have raised this query to Akshat, I think he is the right person to address the issue.
What i sell stock in one demat broker and buy it different demat accout, do they consider it as intra day ?
yes don't do that
I don't think it will be intraday
@@nikhil.dhawan yes even i guess the same
Tax loss harvesting is not valid in this case
(sell share in one demat and buy same share from another demat on same day)@@nikhil.dhawan
If your portfolio shows sell and buy same stock then it is consider irrespective of the broker.
all clickbait titles. just say offset losses against profit. you didnt discover the wheel buddy.
Very very useful❤
Thanks Akshat...
thank you sir
Hi sir
Shell I take entries in SYNCOM FORMULATION, based on previous high, now it’s rally in 32% discount. If I take entry how much can I put target on this stock.
This is just clearing positions and calculating net profit/loss. What is so great about it? Why a fancy name and so much chikchik?
😂 for that 1 lac views, India with huge population has market for everything if done marketing properly,, so many young guys don’t know ABCD of the stock market may lose their hard earned money in stock market,,YouTubing has become big business,,
trading with vivek made a video abt tax loss harvesting and its flaw
If i am going to book losses and use it to pay extra on my home EMI, which will save me 2 lakhs in interest paid to the bank does it help with tax harvesting. Legally
How come u leave so much room for loss specifically the AAVAS one. 34% is too much. Don’t u use Stop loss? Or have a specific risk in mind?
Really..!! As per video example, i have to sell and book loss of 37 lac ..just to reduce my tax of 5 lac..WHY..???
Bro holds 100s of stocks just to sell the course and members community. I bet he's not beating Nifty50 anyday.
I have paid the fee Rs 159/- but not able to join the community. Plz share the link to join the community. Thank you
Tax loss harvsting isnt tax saving, you're just postponing tax pay
i have learned here that 5L is greater than 12.5L (loss on selling Awaas which Akshat is going to buy again on similar price).
Thank you Akshat for knowledge you share. Gokaldas Exports share has been falling continuously, from recent price range it has fallen more than 20%. Is it good time add more quantity (Buy on dips) or just wait watch. How are the fundamentals of this stock. Thanks in advance 😊
It would have good if you have mentioned about iifl sell in community post first.
Pls also mi d about the brokerage and related costs while you do tax loss harvesting when you sell and rebuy the stocks
Bhai ne shares se 1 sal me net net kamae 50 lakh and subscription se course bech k kamae 2 cr waooo yar
Akskur shriwarikoo 😉
Please make video on taxation on US stocks on long term
aree bahi ye incred me just check be karte hai to wo call karke piche paad jate hai...kya karna uska..data use karte hai
Akshat, thanks for this video. Just wish to know one thing. You mentioned in the beginning that capital gain tax on short term gain for you is 15 percent. But, doesn't your overall gain fall under IT Regime income? I.e. won't your income fall under the 30 percent tax bracket? Asking from a future perspective for myself.
Stock and mutual fund taxation rules are different.. prior it was tax free. Modiji ka raj chaltha rha tho ye b 30% tax regime ho jaega 😢
Why shouldn't you sell and buy SBICARDS as well?
Legend sell their stakes on major support/52week low AAvas😊
Are you in profit on delta corp or you have sold that too ?
In tax harvesting benefits goes to broker for brokerage and government for STT.
True! If you are going to buy the same stocks, this will result in only paying brokerages.
@@manjushaapatilIf you have tax liability it's better to a book loss . We can buy the same next day. Brokerage + STT would be less than 0.5% as compared to paying tax of 10% on LTCG and 15% on STCG.
After how much we have to pay tax!? I am in loss
Akshat what if it starts performing really well from the very next day you book loss ,how to manage the expectations?!!
Zerodha se loss making share becha aur upstox se same share kharida to tax loss harvesting ho sakta hai kya?
No you cannot. It will be a "wash sale". please search it.
Only if linked to a different PAN account. Else makes no sense.
Hi Akshat can you explain Zeel. Sitting on huge losses in it.
I have made the payment . How do I join your member community
Can I sell for tax loss harvesting on Monday 1st April?
Sir i am new to your channel. Can you please make video on step wise approach for Beginners on how to start & invest in stock market...please
If I sell xyz stock and from that amount, on the same day I buy another stock how it will effect on taxation ?
Net P&L at the end of the year will be calculated. This is the ultimate truth. How much ever you dance around it, doesn't matter. This is my understanding.
Thank you for your view
what about "wash sale" rule which prevents you from buying the same security again within 30 days after realising loss ???
U did not tell us in the community that u sold IIFL. U should have informed us the rational for your selling in the community
Do platforms like zerodha provide a profit loss statement to users? I have never tracked at what price and what amount i invested in stocks.
Yes... You get that from kite console.
All brokers have the pl statement
Can u make a video of secured and unsecured Bonds
I dont suggest anyone to do loss harvesting. Be simple, be humble, Pay taxes and free yourself from unnecessary burden.
Every time you say invest in indexes but I don't understand how to do it..
Smallcap 250 kis angle se 16% down hai ?
You are not "saving" taxes, you are "defferring" it
Hi, can we offset Mutual fund gains with stock gains?
Yes.
Sir About" Mahindra logistics"
Hello sir, I am very new member of your community as well as to the stock market. I have taken 3.5 lac loan and invested 60:40 (stock:MF). I have taken this decision to secure my daughter's future. She is 14 months old. Last year I have invested 1.5 lac in SSY. This year, I am thinking to invest 12.5k/monthly SIP in stock or MF. And end of March i will withdraw 1.5 lac and invest in SSY. Plz suggest me where should I do the SIP- stock or MF? And plz guide me whether I have taken right plan or need to change. Thank you