Income tax calculator: How loss in Adani group shares can be used to reduce tax during ITR filing6 min read 21 Feb 2023, 12:12 PM IST
Income tax rules permit an earning individual to set off capital loss against the capital gains of the fiscal year during the ITR filing
Income tax calculator: Adani group stocks witnessed heavy sell off after the Hindenburg Research report raised concern over the group companies' debt. However, for taxpayers who still hold Adani group stocks in their portfolio, there is an opportunity to save money meant for income tax outgo in the current assessment year (AY). How so? By using the loss harvesting tool. If investors want to hold the Adani stocks further - they can book loss in any bounce back and buy the stock once again, after it falls from the loss booking levels.
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