Comment on Classifying Your Market Activity

Sri commented on 08 Dec 2017, 09:16 AM

Hi Nithin,

Thanks for that wonderful tutorial.
Last 3 years i got losses around 3.75 lakhs (this year 50k) in fno. My net salary is more than 5lakhs. Can use any of my losses to exempt from the tax. I never declared losses in tax filling.

If i buy idfc tax advantage mf, can i show it for tax exemption if yes what is the maximum amount i can invest in this. What is the minimum lock in period? I didn’t see any lock in period while purchasing in coin so how will this work? Can you please help me in understanding this.

Thank you in advance.

Sri

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