LTCG harvested this AY
₹1.25 L
Fully used the LTCG exemption · 100% tax-free
CG schedule for AY 26-27
- LTCG · equity₹1,24,800
- LTCG exemption−₹1,25,000
- Taxable LTCG₹0
- STCG · equity₹38,400
- Tax @ 15%₹5,760
Trades booked
- Sold HDFC Bank · 80 sh+₹1.08L LTCG
14 May · re-bought 60 sh on 21 May (cost basis reset)
- Sold Reliance · 30 sh+₹16,800 LTCG
16 May · partial harvest
- Vodafone Idea · 1200 sh−₹38,400 STCG loss
19 May · book loss · 30-day wash rule observed
Net impact
~₹17,260 tax saved vs no harvest · cost basis stepped up across ₹1.25L worth of holdings.