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AMFI-registered MFD · ARN-286779

March tax checklist

Before 31 March, a few things worth doing.

For the financial year 2026–27: what mutual fund investors, seniors and businesses can still do before the year closes. Tick them off as you go.

Start the checklist
Before the year closesFY 2026–27

₹1.25 lakh

Of long-term equity fund gains, tax-free each year. Use it or lose it.

JanFebMarApr15 MarAdvance tax31 MarYear closes1 AprLimits reset
Long-term equity gains above it
12.5%
Short-term equity gains
20%
Unused losses carry forward
8 years
0 of 11 done

Everyone

If you invest in mutual funds

Senior citizens

If you’re 60 or over

Businesses and large gains

If you run a business, or have large gains

The new year

Coming up in April

General information for the financial year 2026–27, as the rules stood in October 2026. Not tax advice: tax rules change with each Budget, and what applies to you depends on your income and regime. Check with your CA before you act. Your ticks are saved only in this browser.

Before 31 March

A second pair of eyes on your gains.

We’ll go through your capital gains statement with you: what’s already been booked, what could still be harvested or set off, and which sales are worth timing. Then you and your CA decide.

Go through my gains with me

Leave your details and we will call to set up 20 minutes before the year closes. No product is named, and there is nothing to sign.

Or pick a time yourself

Used only to reply to you. Never sold or shared.

FAQs

Your questions about year-end tax.

What is tax-gain harvesting?
Selling equity fund units with long-term gains, up to the ₹1.25 lakh that is tax-free each year, and buying back. The gain is booked tax-free and your cost goes up, so less is taxed when you finally sell. Check exit loads first, and leave ELSS units in their lock-in alone.
Can losses on funds be set against gains on shares?
Yes. Capital losses are set against capital gains whatever they came from. Short-term losses can be set against short-term or long-term gains; long-term losses only against long-term gains. What you can’t use this year carries forward for eight years, if your return is filed on time.
Do senior citizens pay advance tax?
Not if they are resident, 60 or over, and have no income from a business or profession. Any tax due is paid as self-assessment tax before filing the return.
Can I claim ELSS under the new tax regime?
No. The ₹1.5 lakh deduction long known as section 80C, ELSS included, is available only under the old regime. Under the new regime, the default, an ELSS fund is just an equity fund with a three-year lock-in.
Is this tax advice?
No. It is general information, as the rules stood in October 2026, and they change with each Budget. Your CA should confirm what applies to you before you act.

Your next step

Know your money will do what you need it to.

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