Union Budget 2025: What you need to know to DOGE the punches
There are two types of capital gains: long-term and short-term. Indexation helps reduce taxable gains by adjusting for inflation. Long-term capital losses can only be set off against similar gains, while short-term losses can be set off against any asset gains. Losses can be carried forward for eight years, but timely income tax return filing is essential.
There are two types of capital gains: long-term and short-term. Indexation helps reduce taxable gains by adjusting for inflation. Long-term capital losses can only be set off against similar gains, while short-term losses can be set off against any asset gains. Losses can be carried forward for eight years, but timely income tax return filing is essential.
