Can you use stock market losses to reduce tax on other capital gains? Income tax rules explained
New Delhi, June 12 -- Investors have the option to set off their equity-related losses against other capital gains to reduce their tax liability, but the rules governing how different types of capital losses can be adjusted are not always straightforward.
Hence, taxpayers may have a common confusion on whether losses incurred from equity investments can be set off against gains earned from other assets such as property, gold and debt mutual funds.
The answer depends on several factors, including the nature of the loss, the type of capital gain involved and the specific provisions of the income tax law. Here's what investors can do to reduce their tax burden by using the provision.
Yes, equity capital losses can help reduce the tax burd...
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