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Last Updated:May 09, 2026, 3:20 PM IST Market losses can save you income tax as several Income Tax Act provisions allow taxpayers to set off and carry forward capital losses, reducing tax liability up to eight years. Short-Term Capital Loss (STCL) can be set off against both short-term and long-term capital gains in the same…
Last Updated:March 29, 2026, 10:44 IST As March 31 falls on a market holiday next week, investors effectively have just one final window — March 30 — to optimise their tax outgo for FY26 through tax-loss harvesting. Tax-loss harvesting involves selling loss-making investments to offset gains realised elsewhere in the portfolio. With March 31 (Tuesday)…
Last Updated:March 26, 2026, 3:19 PM IST As the financial year draws to a close, investors are once again looking for ways to optimise their tax outgo before the March 31 deadline Tax Saving As the financial year draws to a close, investors are once again looking for ways to optimise their tax outgo before…
New Delhi: The Central Board of Direct Taxes (CBDT) has once again clarified that taxpayers cannot claim tax rebate under Section 87A of the Income Tax Act on income that is taxed at special rates, such as short-term capital gains (STCG). In the financial year 2023-24, many taxpayers claimed a rebate on short-term capital gains,…
Government’s Big Relief For Homeowners: The central government is going to provide relief to homeowners who are frustrated with the removal of indexation benefit on real estate. In the Union Budget 2024, Finance Minister Nirmala Sitharaman made several important announcements related to tax. One of the important changes was also regarding real estate transactions. These…
The LTCG tax rates is, however, expected to remain unchanged in the Budget 2024-25. Budget 2024-25: The government is likely to reduce the real estate holding period for long-term capital gains (LTCG) tax to 12 months, against 24 months currently. Finance Minister Nirmala Sitharaman is set to present her seventh Budget 2024-25 on July 23….