ITR filing 2024: How tax harvesting can slash the tax payable, boost returns

Abhinav Kaul • July 22, 2024 / 08:47 IST

In tax harvesting, long-term capital losses can only be set-off against long-term capital gains, while short-term capital losses can be set-off against either short-term or long-term capital gains.

By offsetting capital gains with capital losses, investors can significantly reduce their tax bill.

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