Union Budget 2025: What you need to know to DOGE the punches
There are two types of capital gains: long-term and short-term. Indexation helps reduce taxable gains by adjusting for inflation. Long-term capital losses can only be set off against similar gains, while short-term losses can be set off against any asset gains. Losses can be carried forward for eight years, but timely income tax return filing is essential.
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There are two types of capital gains: long-term and short-term. Indexation helps reduce taxable gains by adjusting for inflation. Long-term capital losses can only be set off against similar gains, while short-term losses can be set off against any asset gains. Losses can be carried forward for eight years, but timely income tax return filing is essential. 
