ilmscore | Prediction Details
"I am going to show you a trick where the gain will exactly be Rs.225000 but tax will go down to zero and how does it happen with the help of tax harvesting Now lets have a look at this example Assume that the same person bought these shares Same shares worth Rs.1 lakh only on the same date But what did the person do differently He sold these shares at Rs.1 lakh on 10th of March 2024 Assume that this is the then market price of this Rs.1 lakh Okay what is again one lakh will this Entyas must yes Entyas free 1 lakh taxable long term capital gain zero tax rho na you will be like rachna why didnt we book it to the tune of ₹125000 of course in my example only the price is 9 lakh so the gain is itself 1 lakh but had it been 92000 lets say still I would have booked only to the tune of 1 lakh because till the previous year this amount was available only till ₹1 lakh ok this year that is financial year 24 4 25 the limit has been increased to 125000 simple deal here ok what important point has happened on 10th of march we sold the shares at 9 lakh but on 12th of march we have bought the shares same at ₹1 lakh so same 9 lakh Then sold it for 9 lakhs. I bought it. Now what happens one year later? 16th March 2025 I sell the shares at ₹125000. What is the gain? 125000. What is the tax free long term capital gain? Entirely this is because taxable LTCG will be zero and tax will be again zero. Now what happened? How much was the gain that I realised in the previous financial year? 1 lakh. How much gain did I realise in the previous financial year? 125000. So the total is 1 lakh. 125000. That is 225000. But the tax is zero."
By CA Rachana Phadke Ranade | March 19, 2025 | Correct
From video
How to save tax in 2025? | Tax Harvesting | CA Rachana Ranade 00:07:59 - 00:09:49
Interpreted Prediction
A tax gain harvesting strategy can result in zero tax on a total gain of ₹2,25,000 by selling shares on March 10, 2024 (booking ₹1 lakh long-term capital gain, tax-free), repurchasing them on March 12, 2024, and then selling them on March 16, 2025 (booking another ₹1,25,000 long-term capital gain, tax-free).
AI Evaluation Notes
The prediction about the tax gain harvesting strategy resulting in zero tax on a total gain of ₹2,25,000 by selling shares on March 10, 2024, repurchasing them on March 12, 2024, and then selling them on March 16, 2025, booking ₹1 lakh and ₹1,25,000 long-term capital gain, respectively, which would be tax-free is accurate as per the provided context of tax laws and capital gain exemptions. Based on the details, the prediction appears correct within the bounds of the provided scenario.

Prediction Details

Topic
Tax Gain Harvesting Strategy for Zero Tax

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