Are there ways to manage LTCG better—like harvesting losses?

Yes, LTCG (Long-Term Capital Gains) can be managed better by using tax harvesting. It is a strategy used by investors to reduce their tax liability by strategically selling shares. This technique primarily involves two methods:

1. Tax-loss harvesting
Tax-loss harvesting involves selling shares that have declined in value to realise a loss. These losses can be used to offset capital gains, thereby reducing your taxable income.
To carry out tax-loss harvesting, first identify shares with unrealised losses. You can sell these shares and use the realised losses to offset gains from other shares. If the realised losses exceed gains, you can carry them forward for up to 8 years in India.

2. Profit harvesting
Profit harvesting is about selling shares when they hit a high-profit point to lock-in gains. You can use this method during market peaks or when stocks are overvalued.