As a taxpayer with both long-term and short-term capital losses in FY 2025–26, you can optimise your tax liability by setting them off against eligible capital gains as per the Income Tax Act, 1961.

You tackled a query recently about capital on a home that I am selling which has been our family home for four years after a year when we struggled to get a overstaying sitting tenant to leave. If the ...

Selling assets such as property can create both long-term gains and losses and understanding how these are taxed is crucial. Today's Ask Wallet Wise query answers how recent changes in indexation ...

Mutual funds over the years have generated wealth for their investors. If you have booked profits, i.e. earned capital gains – whether short term or long term – there will be a tax impact. This tax ...