How active traders keep up with the capital gain taxes?
You can see tax P&L report from zerodha console, go to reports n tax P&L. Select the financial year and download it.
Hey @Nirnay_Rana ,
To keep up with the capital gains taxes, you can pay your advance tax every quarter and also check the possibility of tax loss harvesting to reduce your taxable capital gains for the year. Here are the due dates to pay your advance taxes:
Q1: 15th June
Q2: 15th September
Q3: 15th December
Q4: 15th March
What about tax loss harvesting?
Can tax loss harvesting be done only at the end of the FY
Hey @Nirnay_Rana
Tax loss harvesting can be done anytime during the financial year, but it is ideally done towards the end, as that’s when you have a clearer picture of your capital gains. Doing it at the end also helps reduce the chances of creating a pattern that may be seen as tax avoidance.