Comment on Tax loss harvesting

Nithin Kamath commented on 15 Sep 2017, 08:52 AM

Gaurav, contract turnover isn’t the turnover for taxation. Suggest you to go through this: http://zerodha.com/varsity/module/markets-and-taxation/.
1. yes
2. Do go through the chapter on audit in the above link
3. No GST registration for trading.
4. No, your equity gains are long term capital gains. There is no tax to pay on it.
5. If you have been holding it for a while, best to show it as capital gains. You can decide what you want to do on those which you have taken recently.

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