---
title: "Tax and Regulatory Framework | Path 11 | RupeeCase Learn"
description: "Tax and regulation in India: capital gains after July 2024, MF, ETF, SGB and F&O treatment, tax loss harvesting, SEBI rules and AIS reconciliation."
source_url: "https://www.rupeecase.com/learn/path-11/"
---

[RupeeCase Learn](/learn/)/Path 11/Intermediate

# Tax and Regulatory Framework

    Capital gains taxation, SEBI regulations, tax-loss harvesting, AIS reconciliation, and tax-efficient portfolio construction, everything you need to keep more of what you earn.

* **6**modules
* **55 min**of reading
* **30**question path test
* **Free**with a certificate

    [Start at 11.1](/learn/path-11/module-11-1-equity-taxation-after-july-2024-the-new-rules)See the stops

      01The line

## 6 stops, in order.

      Equity tax after July 2024, MF/ETF/SGB rules, tax-loss harvesting that actually saves money, SEBI algo regulations, and how to reconcile your AIS without panic in March.

      **0**of 6 done on this device

1. [11.6Tax-Efficient Portfolio ConstructionAsset location, the 12 month line, harvesting and turnover: building for after tax returns8 min, path test](/learn/path-11/module-11-6-tax-efficient-portfolio-construction)

2. [11.6Tax-Efficient Portfolio ConstructionAsset location, the 12 month line, harvesting and turnover: building for after tax returns8 min, path test](/learn/path-11/module-11-6-tax-efficient-portfolio-construction)

3. [11.6Tax-Efficient Portfolio ConstructionAsset location, the 12 month line, harvesting and turnover: building for after tax returns8 min, path test](/learn/path-11/module-11-6-tax-efficient-portfolio-construction)

4. [11.6Tax-Efficient Portfolio ConstructionAsset location, the 12 month line, harvesting and turnover: building for after tax returns8 min, path test](/learn/path-11/module-11-6-tax-efficient-portfolio-construction)

5. [11.6Tax-Efficient Portfolio ConstructionAsset location, the 12 month line, harvesting and turnover: building for after tax returns8 min, path test](/learn/path-11/module-11-6-tax-efficient-portfolio-construction)

6. [11.6Tax-Efficient Portfolio ConstructionAsset location, the 12 month line, harvesting and turnover: building for after tax returns8 min, path test](/learn/path-11/module-11-6-tax-efficient-portfolio-construction)

    02Outcomes

## What you will be able to do.

* *01*Master equity taxation under the July 2024 Budget rules
* *02*Understand tax treatment for MFs, ETFs, SGBs, bonds, and F&O
* *03*Implement tax-loss harvesting and reconcile AIS/TIS
* *04*Build tax-efficient portfolios that maximize after-tax returns

    03Certificate

## Pass the path test.
Keep the proof.

    Complete the 6 module quizzes, then take the 30 question path test at the end of Module 11.6. Pass to earn your certificate as a PNG with your name on it.

1. **3**Get the certificateYour name, the path, the date, an ID and a QR code to verify it; PNG or PDF
2. **3**Get the certificateYour name, the path, the date, an ID and a QR code to verify it; PNG or PDF
3. **3**Get the certificateYour name, the path, the date, an ID and a QR code to verify it; PNG or PDF

    [Jump to the path test](/learn/path-11/module-11-6-tax-efficient-portfolio-construction#pathTestSection)[About the certificates](/learn/certificates)

    04Questions

## About Path 11.

    What are the capital gains tax rates on Indian equities?Short term gains on listed equity held under 12 months are taxed at 20%, long term gains at 12.5% above a ₹1.25 lakh yearly exemption, for sales from 23 July 2024. From 1 April 2026 the rates sit in sections 196 and 198 of the Income-tax Act, 2025. Module 11.1 has worked examples.

What is tax loss harvesting?Tax loss harvesting uses losses to offset gains under the STCL and LTCL offset rules. Module 11.3 covers it for systematic investors, including the calendar approach and the fact that India has no wash sale rule.

How do I reconcile capital gains with AIS and file my ITR?Module 11.5 covers reading your AIS, spotting errors, step-by-step reconciliation and filing ITR-2 with Schedule CG. Module 11.2 covers how mutual funds, ETFs, SGBs, bonds and F&O are taxed.

    Explore next

## Where to go next.

* [CalculatorLTCG and STCG on equityFree, with the formula and a worked example](/learn/tools/capital-gains-tax-calculator)
* [CalculatorExpense ratio impactFree, with the formula and a worked example](/learn/tools/expense-ratio-calculator)
* [Blog noteThe cost of switching fundsCosts: MF, PMS, RupeeCase, a short note](/blog/2026-07-07-morning-cost-of-switching-funds/)
* [Blog noteDay 364 vs day 366: the two day tax cliffPersonal finance and tax, a short note](/blog/2026-05-18-morning-stcg-cliff-day-364/)
* [GlossaryInvesting glossary, 91 termsPlain word definitions](/learn/glossary)

      Community

## Join my WhatsApp group.

      Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me.

        [Sign up for RupeeCase](https://invest.rupeecase.com/signup)
        [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7)

      [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera

    [Every pathBack to the curriculum11 paths, 70 modules](/learn/)
    [Pillar guideMacro, Tax, Regulation14 modules across paths 7, 11](/learn/macro-tax-regulation)
    [Apply it on RupeeCaseAllcap Multi AssetMulti asset diversification, tax aware. Model, back tested.](/strategies/allcap-multi-asset)

  Education only, not investment advice. RupeeCase is a technology platform operated by QC Alpha Technologies Pvt Ltd; it is not a fund, a PMS or a SEBI registered investment adviser. Model returns are back tested and not a promise of future returns. Figures carry the date they were checked.