Tax Loss Harvesting

[anuragyadav91]

I was wondering if the community could help me with a few questions I had and clarify. Not able to get any clarity in these. If you can help answer the below questions it can help in tax loss harvesting.

(1) Can F&O traders offset losses for next 8 years in new tax regime? old tax regime its possible but what about in new tax regime?
(2) Can we offset F&O losses from Crypto profits in the same FY?
(3) Can we offset equity losses by Crypto profits in the same FY?
(4) Can we offset F&O losses with US stocks profit in the same FY?
(5) Can we offset equity losses by US stock profits in the same FY?

 

[Tax with Ria]

1. No losses can be set off in new tax regime.
2,3. No losses of F&O and equity can be set off from crypto profits. Nothing can be set off from Cryptocurrency profit.
Capital gain from Cryptocurrency currency is taxable flat @30% without indexation benefit and nothing can be set off from it's profits.
4. F&O losses can be set off from us stocks profit.
5. Purchase and sale of shares is speculative business, hence any losses from speculative business cannot be set off from US stocks profits which is non speculative business.
Therefore capital gain on Listed US Shares is taxed @20% if it's LTCG(sold after 24 months), taxed at normal slab rate if it's STCG(sold before 24 months).
If shares of US were unlisted, then this LTCG is taxed @10% without indexation benefit.