Wednesday, January 14, 2026

I made Rs 29 lakh from equities but lost all of it on bogus trading portal. Do I still have to pay income tax on the gains?

ET Wealth Reader's Query: I sold shares worth Rs.5 lakh (long-term) and redeemed mutual funds worth Rs.24 lakh, largely long-term. Unfortunately, I invested the entire amount through a bogus trading portal and lost all the money. Will there still be any tax implications on these gains?

from Tax-Wealth-Economic Times https://ift.tt/fAVj3Bb

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