Comment on Tax loss harvesting

Manoranjan S commented on 25 Mar 2015, 07:56 AM

Hello sir,

Could you please clarify the below doubt. The following are tax details

EQUITY REALIZED PROFITS ₹118.40 Details
F/O REALIZED PROFITS ₹8,233.75 Details
TOTAL REALIZED PROFITS ₹8,352.15

Details :
INTRADAY/SPECULATIVE PROFIT ₹ -8,125.60
SHORT-TERM PROFIT ₹118.40

TOTAL FUTURES PROFIT ₹13,658.75
TOTAL OPTIONS PROFIT ₹-5,425.00

Question:
1. For EQUITY REALIZED PROFITS why the INTRADAY loss is not considered in tax calculation.
2. Where should we consider the brokerage and other charges incurred.
3. If i sum up including the intraday loss, the total profit would be in negative.

Could you please clarify the below doubts.My Id is HORM1738

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