Comment on Tax loss harvesting

Phoenix commented on 24 Mar 2015, 07:19 PM

Hi Nithin
1.
Can presumptive income be offset using Tax loss harvesting.
Suppose my salary is 300k. I made <8% on TO of 300k. So as per presumptive- i will declare 8%=24k as profits.
Can i reduce it using tax loss harvesting?

2. As someone mentioned earlier, whether 44AB and tax loss harvesting be analysed from different perspective or seen as combined ?
SAY I made 10k on TO of 100k. More than 8%, hence no audit. But i offset it against ST capital loss of 6k, will i be required to do audit as 10k-6k=4k is less than 8% ?

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