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Utkarsh

Every Trand Makes Ne...Ā ā€¢Ā 2m

Hai bhai! Today I came across a really interesting topic that I'd love to share with you all .it is called "Loss Harvesting" and it can actually help you save on taxes. Let me explain it in a very simple way. Suppose you made an investment (stocks, mutual funds, etc) and faced a loss. Letā€™s say you invested ā‚¹10000 and now it is worth only 6000 , that means you have a loss of 4000. Now hereā€™s the smart part you can use this 4,000 loss to adjust your profits from other investments. And the best part is In India, short-term capital losses can be carried forward for up to 8 years. letā€™s say next year you make a profit of ā‚¹4000 on some investment ,you can adjust your old loss with this gain and your taxable profit becomes zero, which means no tax at all! šŸ˜Ž have you like this information šŸ™„

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