How do you harvest your gains?
Book gains you would not otherwise book, use an exemption that expires each year, and reset your cost base at no tax cost. Three phases, one deadline.
Long-term gains on listed equity are exempt up to a limit each financial year, and the allowance does not carry forward - use it or lose it. Harvesting means selling enough to book gains inside that limit and buying straight back, which resets your cost base higher at no tax cost. It has to be done before 31 March.
Download your capital gains statement
Takes 5-10 minutes across all platforms
- Go to camsonline.com (no login needed)
- Enter your PAN and registered email address
- In Period, select FY 2025-26 (Apr 2025 - Mar 2026)
- Select All Mutual Funds and choose Detailed format
- Set a password and click Submit - encrypted statement arrives in your email
- Go to mfs.kfintech.com (no login needed)
- Enter your PAN and email address
- In Period, select FY 2025-26
- Select All Funds and choose Excel format
- Set a password and click Submit - statement arrives in your email
- Login to console.zerodha.com with your Kite user ID and password
- Click Reports in the top nav, then select Tax P&L
- Select FY 2025-26 and choose Q1 to Q4
- Click the download icon → Download Trade-wise Tax P&L
- Note the STCG and LTCG totals in the downloaded report
- Login to the Groww app or website with your registered mobile number or email
- Web: go to Reports → Tax Filing. App: tap You (bottom right) → SIP & Reports
- Select Capital Gains (Mutual Funds or Stocks)
- Choose FY 2025-26 and click Generate / Download
- Statement downloads as Excel to your device
- Login to pro.upstox.com with your registered mobile number and PIN
- Click Reports → Profit & Loss
- Click the Tax tab
- Select FY 2025-26
- Click Download Report to save the statement
- Login to angelone.in or the app with your Client ID and MPIN
- Go to Dashboard → Profit and Loss
- Click on Tax P/L
- Select FY 2025-26
- Click Download to save the statement
Combine the statements and run the numbers
One sheet, then the calculator below
Your Tax Liability Calculator
Enter your total gains from the statements you just downloaded. We'll show you exactly what you owe today.
Your current tax liability
Act before 31 March
The allowance does not carry into next year
🔴 Tax Loss Harvesting
- Find funds or stocks currently sitting at a loss in your portfolio
- Sell enough units to book losses that offset your tax liability
- The booked loss cancels out your STCG and LTCG, bringing tax to zero
- Reinvest the proceeds right away - see the reinvest note below
🟢 Tax Gain Harvesting
- Your total LTCG is below the ₹1.25L tax-free limit this year
- Sell units to book gains up to ₹1.25L total this financial year
- This resets your cost price to today's NAV, saving tax in future years
- Reinvest the proceeds right away - see the reinvest note below
📋 Quick Reference - What offsets what?
Disclaimer: This guide is for educational purposes only and does not constitute personalised financial or tax advice. Every individual's financial situation is different. For advice specific to your situation, please consult a qualified tax advisor or chartered accountant. You can also reach out to us at finwise.owl@gmail.com and we can help you connect with one.