Does the wash sale rule for Tax loss harvesting is applicable in India for FY24?
Like if Sell stock A in Broker1 and bought Same Stock A in Broker2, will it be valid for Tax loss harvesting
The wash sale rule is not expressly prohibited in India.
So, yes the transaction mentioned by you is valid.
Does the tax loss harvesting indicated in zerodha includes 1 lakh of LTCG exemption?
instead of buying back the same stock ; can i buy another stock instead ?
reasoning is:- after booking loss, it offsets the tax liability & its job is done.
so with the funds i got from tax loss harvesting (sell trade), I want to take a new trade instead
@chacha it’s your money once you sell your stock, you can buy another stock or go on a vacation, no one can dictate what you should do 
But please note, what you will be doing is loss booking, not tax loss harvesting.
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still loss booking vs harvesting ; whats the difference as both can be used to offset capital gains ?