Comment on Introducing Console holdings

Mukund Jalan commented on 10 Feb 2021, 08:34 PM

It would make a difference in terms of the taxability of the profit/loss booked. I might not want to book loss on long-term holdings but book profit on short-term holdings.
In your example of mangoes, my tax liability would change if I sold only 5 mangoes and not the whole lot. Booking a loss of Rs.10 is different that booking loss of Rs.60.

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