The Income Tax Act of 1961, under Section 80C, enables taxpayers to avail a deduction of up to ₹150,000 from their taxable incomes by investing in specific eligible instruments, including ELSS funds.
Investors can set off their long-term and short-term capital loss against long-term capital gains. This minimises the tax liability and only the difference is subject to the LTCG tax. All you need to know
Investors can set off their long-term and short-term capital loss against long-term capital gains. This minimises the tax liability and only the difference is subject to the LTCG tax. All you need to know