How to do tax loss harvesting in this volatile markets. If I sell today and buy tomorrow I might loose 1-3% since sell and buy on same day will be considered as intraday. Is there an effective way to not loose out on the difference.
And also how is this considered in case on MF. is it also considered intraday. If I place sell and buy orders on the same day..
@homedimer @bikidas2060
For MF, it will not be considered as intraday since orders aren't executed on the same day. So you can buy & sell on the same day for MF.
For Direct stocks, you can use alternate assets like ETF for the same day or wait for the next day and bear loss if it falls/rises.
IMO you can sell the stocks first which would levy LT/ST CG/CL. Then buy same stocks and keep it in delivery.
I don't think it should be counted as intraday since you'll be selling stocks which you already held for some days (considering FIFO).
You could open another demat account with a different broker.
Sell it from your account and buy it in the second account, the same. This way you can sell and buy at the same price.
Just my idea. Does anyone know if it will work?
This used to work before. Not sure now.
sell in nse buy in bse or vice versa. This will count as two separate trx. Not intraday
For MF, it will not be considered as intraday since orders aren't executed on the same day. So you can buy & sell on the same day for MF.
For Direct stocks, you can use alternate assets like ETF for the same day or wait for the next day and bear loss if it falls/rises.
IMO you can sell the stocks first which would levy LT/ST CG/CL. Then buy same stocks and keep it in delivery.
I don't think it should be counted as intraday since you'll be selling stocks which you already held for some days (considering FIFO).
You could open another demat account with a different broker.
Sell it from your account and buy it in the second account, the same. This way you can sell and buy at the same price.
Just my idea. Does anyone know if it will work?
Yes it will work eventually.