Comment on Tax loss harvesting

Priyam commented on 22 Mar 2017, 11:07 AM

Hi Nithin,

I am holding 200 shares of a company and the unrealized loss on such shares is Rs.12,000/- (holding period is 6 months).

I want to book this loss for tax purposes (tax loss harvesting).

Suppose I sell the shares on 22nd March, 2017 and buy the same shares immediately on the same day, will this be a short term capital gain or will it be a intraday trade?

I have already done such a transaction on Zerodha before and I was charged STT @0.025% on the sell side only. So I think as per NSE it is an intraday trade. Just wanted to clarify how will it be considered for tax purposes.

Thank You,

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