New Income tax bill: Get one-time set off of long-term capital loss against short-term capital gains from tax year 2026–27

The new Income Tax Bill, 2025 proposes a one-time tax relief. It could lower capital gains tax for many. Long-term capital losses until March 31, 2026, can offset short-term gains from 2026-27. This change offers broader tax planning. Taxpayers can sell loss-incurring investments before April 1, 2026. This helps reduce overall tax liabilities.

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sjlxvOL