tax liability

Budget 2024: ‘I want to relieve middle class, but I have limitations too,’ says Finance Minister Nirmala Sitharaman

by
Budget 2024: ‘I want to relieve middle class, but I have limitations too,’ says Finance Minister Nirmala Sitharaman

In a recent interview, Finance Minister Nirmala Sitharaman revealed that the Union Budget 2024 aims to provide relief to the middle class, albeit within certain limitations.  Nirmala Sitharaman stated, “I want to relieve the middle class, but I have limitations too. I want to give relief by reducing the tax rate, and that is why … Read more

Your Questions Answered: How does tax-loss harvesting work and can it minimise my tax outgo?

by
Your Questions Answered: How does tax-loss harvesting work and can it minimise my tax outgo?

Q. I am Ranjan. I want to harvest tax loss for my investments. How does tax-loss harvesting work? How can it help minimise my tax outgo? What are the risks? Tax-loss harvesting is a strategy used to minimise tax liability by selling investments that have declined or are declining in value. When an investment is … Read more