Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
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06/09/20264 min read
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Waiting till March 31, 2025, will be too late to save capital gains (LTCG) tax on equities this financial year
Update / Judgement Date
26 Mar 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Financial PlanningIncome TaxStock Market
Taxpayers must complete tax harvesting by March 28, 2025, since March 31, 2025, is a stock market holiday. Tax harvesting involves selling equities to realize long-term capital gains (LTCG) within the exemption limit of ₹1.25 lakh (increased from ₹1 lakh) and repurchasing them the next day. This helps minimize LTCG tax liability under Section 112A. The increased exemption limit applies from July 23, 2024, making it more beneficial to execute tax harvesting in FY 2024-25 than FY 2023-24.
