Comment on Tax loss harvesting

Jignesh commented on 28 Mar 2018, 08:47 AM

Correction –
Jignesh says:
March 27, 2018 at 9:03 pm
Thanks For reply. I want to let you know that my status is as below,
Company 1 Profit – 10K
Company 2 Profit – 1K
Company 3 Loss – 2K
So Profit runs out to – 10+1-2 = 9K So Tax = 9K*15% = Rs. 1350
I want to use the tax loss harvesting opportunity to sell the “Existing Stock in my Demat which are in Loss”
Example –
Company 4 Loss – Rs 500
Company 5 Loss – Rs 500
Company 6 Loss – Rs 350

Can you advise on above scenario if Tax loss harvesting opportunity can be used by selling Company 4/5/6 and nullify the STCG?

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