Is bonus stripping eligible for tax-loss harvesting in India?
Is bonus stripping eligible for tax-loss harvesting in India?
As per the Amendment to Section 94(8) of the Income Tax Act, capital gains/losses from bonus stripping transactions are not eligible for tax-loss harvesting.
Yes, your capital losses/gains account for all assets you own. Please consult a tax advisor on how to take advantage of tax-loss harvesting across all your assets.
The tax-loss harvesting feature will be visible to all users. However, only our Premium subscribers currently have access to the feature. You will need to subscribe to Vested Premium to help reduce your tax liability with the tax-loss harvesting ...
Vested’s tax-loss harvesting module helps you reduce the taxable capital gains of your portfolio in US dollars. Since all assets you own and sell are in US Dollars, there is no currency depreciation to consider.
Tax-loss harvesting is a strategy used to reduce taxable capital gains of your portfolio: You deliberately sell assets that have incurred losses to offset current or future capital gains. Example: Assume a single investor earns an income of $580,000 ...