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Understand the tax implication on your listed shares
If a listed equity share is sold within 12 months of acquisition, the seller may achieve a short-term capital gain or incur a short-term capital loss
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Ways to manage your tax on equity funds
Mutual funds too come with a tax advantage, and this is why investors must understand the tax implications of income gained from investing in it
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Factors to consider while switching mutual fund schemes
If mutual funds, such as the Equity Linked Savings Scheme (ELSS), have a three-year lock-in period, you will be unable to switch
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This strategy can reduce your LTCG tax liability
Through tax harvesting, one can save tax up to Rs 10,000 every year on long term capital gain earned from equities or equity mutual funds.
