Save LTCG Tax

Gaurav Chakraborty
Gaurav Chakraborty
gauravc@orowealth.com
Capital Gain taxes

With Nifty touching lifetime highs, many of the mutual fund schemes are showing signs of recovery. This may have resulted in the accumulation of Long Term Capital Gains (LTCG) in your portfolio. And since we are approaching the close of the financial year, it’s a good time to take advantage of the exemption limit of Rs 1 lakh under the LTCG tax rules.

Hence we recommend that you book long term capital gains on equity schemes upto Rs 1 Lakh per PAN in this financial year itself and save upto Rs 10,000 per PAN in future tax outflow.

Here is a quick guide on doing this.

1) Log in to your account on Orowealth (www.orowealth.com)

2) Click on the Menu button at the top right corner and select ‘Reports’ option

3) In the Reports Section, select ‘Tax Analysis’ report.

4) Select schemes based on the column Tax implication today (Long Term). Please select only Equity schemes.

5) Add selected schemes from the ‘Portfolio’ tab to redeem cart and complete transaction.

Please Note: The limit of Rs 1 Lakh exemption under LTCG tax rules is a total limit applicable across equity mutual funds and direct equities.

Feel free to reach out to your financial advisor at Orowealth in case of any queries.

Gaurav Chakraborty
Gaurav Chakraborty
gauravc@orowealth.com

Gaurav is an engineer-turned-digital marketeer. Also a personal finance blogger with experience in financial planning and crowdfunding sector. He is a part of the Marketing team at Oro.

6 Comments
  • Avatar
    Kapil
    Posted at 09:22h, 24 March Reply

    Can you please call me

  • Avatar
    Kapil
    Posted at 09:23h, 24 March Reply

    Can you please call me to undrrstand it properly on 9829255925

    • gaurav
      gaurav
      Posted at 08:28h, 27 March Reply

      Hello Kapil, We tried reaching you but the phone was unreachable. Request you to please get in touch with us on +917587305393 or at connect@orowealth.com.

  • Avatar
    Mahammad Gufran
    Posted at 12:40h, 24 March Reply

    Bahut good

  • Avatar
    BHARTESH A SHAHAPURE
    Posted at 03:20h, 27 March Reply

    PLS SEND ME INTIMATIONS

    • gaurav
      gaurav
      Posted at 08:29h, 27 March Reply

      Sure Sir

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