Tax harvesting to rescue equity investors: How loss from equities could help you save more tax

Save income tax by selling equities: The method is called tax harvesting and it requires you to sell the equity share or equity mutual fund on or before March 31 (March 28, 2025 for FY 2024-25 since March 31 is a trading holiday). There are two ways to do this- LTCG up to Rs 1.25 lakh and loss from equities carry forward for set-off. Read below to know how this works.

from Tax-Wealth-Economic Times https://ift.tt/1L6GZwC