v1.6.1 — Losses count, the way the law allows
A small, honest fix to the new tax view — worth taking if you use the
Capital Gains tab.
- Sold at a loss? It now counts fully. Losses already reduced gains of
the same kind in the same year. But when your short-term losses were
bigger than your short-term gains, the leftover was being ignored — and
the law (Sec 70) says it should reduce that year's long-term gains
too, before the tax-free allowance. So in a year where you sold losers
to save tax, the sheet was showing more tax than you'd actually owe.
Fixed. When it happens, you'll see the amount in its own column — "ST
loss used vs LTCG ₹" — which stays blank in a normal year. Hover the
heading and it explains itself, as always.
Nothing else changed. Straight talk, as always: the tax view stays
indicative — for planning, not for filing. Carrying a loss forward to
a later year is still not modelled (the file can't know your filing
history and won't guess), and shares/equity funds and debt funds never net
against each other here — the sheet itself now says both, right under the
title.
Get it: download the zip for your computer below (Windows or Mac) and
unzip it. Updating? Keep your own Excel file; just replace the Update
Portfolio app with the new one.
Full changelog: v1.6.0...v1.6.1