- Wealth PMS (50L+)
You may have some capital gains in a financial year which you'll need to pay tax for. This happens when you sell a house. Or when you sell your ESOPs. Or when you sell some debt funds to get some cash, or because you panicked when you heard of an issue in debt funds in general. The act of exiting created a taxable income for you, and you may need to pay this tax.
But there are legal ways to avoid paying this tax, by doing a bunch of things we have explained at Capitalmind already:Harvest . . .