It’s almost time for new year, new goals!
What’s your portfolio goal for 2025?
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No goal at this time… Market is volatile
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Stay invested in bullish as well as in turbulent times.
One thing I have been practicing personally every March (last week) is to sell all positions in losses for tax loss harvesting. I wish more people knew of this.
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Do you again buy those same exact back in April? Or go into newer ones?
Liquidate maturing ELSS tranche 
We can also buy same exact stocks same quantity just the next day as well.
No need to wait till April.
Once sold off loss is realised, and buying does not have tax implications. Realised loss is shown in ITR thus either reducing profit or carry forward to next 8 years.
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It was quite challenging for a person to organize these reports and explain them to their accountant. Just a few years ago, creating year-end reports felt overwhelming, and getting the Chartered Accountants to understand them was no easy task either.
Updates to Stock Broker Backoffice reporting systems have made it much easier for people to manage their investments and use them for lowering their tax burdens from other businesses, etc. With these new, user-friendly reports, more individuals are discovering ways to take advantage of these opportunities in tax law.
Now, thanks to the advancements in Stock Broker Reporting Systems, managing these financial details has become much more straightforward.
Before 2018, long-term capital gains for securities was fully tax free. I wonder if the big players in the capital market actually carried out such a book entry transaction in 2018. This way, they could realize all those gains without paying any tax, easing a heavy tax load down the line.
Do you know if they went ahead with it?