🟦 TAX on stock market & mutual funds | STCG, LTCG and DIVIDENDS @CA Rachana Phadke Ranade28 related questions found What can short term capital losses offset? The amount of the short-term loss is the difference between the basis of the capital asset–or the purchase price–and the sale...
And that is how the Cost Inflation Index (CII) helps bring down your tax liability on LTCG considerably: by adjusting the purchase/investment amount against the CII value of the relevant financial years of purchase and sale. If you are amutual fund investor, then the Cost Inflation Index can...