Capital loss for surcharge purchase?

Manoj Pandey (68 Points)

22 February 2025  

If I have a gross income of 1.05 crore, which includes 1 lakh LTCG, does it make sense to book long term capital loss of 6 lakh to come in the lower bracket for surcharge?

Also, in case you advise to book loss, booking short term capital loss will have the same impact as booking long term captial loss?