Hi,
For the purpose of tax loss harvesting, I have sold some equity shares that are in loss on 30th Mar 2026 and bought back the same quantity of the same company on the same day itself. To be clear, I bought the 'n' number of shares of company XYZ on 16th Mar 2026 , sold all the 'n' quantities of XYZ on 30th Mar 2026 (31st Mar is holiday) and then re-purchased the same 'n' number of shares of XYZ on 30th Mar 2026. . I expect this to reflect in my capital gains calculation as short term capital loss, but not appearing so. I mean if I already had short term capital gains of value "CG1" and the loss I incurred with the sale on 30th Mar is "CG2", then I expect my short term capital gains to be "CG1-CG2" for FY26. But my broker (zerodha) trading account P&L report of FY2026 still shows CG1 as my short term capital gains. Can someone please confirm that my expectation is correct and broker account calculation is incorrect ? Thanks in advance for your support.
Thanks
Mani
CAclubindia
