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Utkarsh
Every Trand Makes Ne... • 10m
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. Let’s say you invested ₹10000 and now it is worth only 6000 , that means you have a loss of 4000. Now here’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. let’s say next year you make a profit of ₹4000 on some investment ,you can adjust your old loss with this gain and your taxable profit becomes zero, which means no tax at all! 😎 have you like this information 🙄
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