Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Set-off allows a loss in one income head or source to reduce taxable profit elsewhere; unabsorbed losses can be carried forward to future years within specified limits.
Losses (like from stocks) can reduce your taxable gains now or in future years, within rules.
Short-term capital loss can be set off against both STCG and LTCG; long-term capital loss only against LTCG. Losses can typically be carried forward up to 8 assessment years if the return is filed on time.
A ₹50,000 short-term stock loss offsets a ₹50,000 short-term gain in the same year, reducing STCG tax to zero.
Losses (like from stocks) can reduce your taxable gains now or in future years, within rules.
Set-off and Carry Forward of Losses helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.