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New Income tax bill: Get one-time set off of long-term capital loss against short-term capital gains from tax year 2026–27
The new Income Tax Bill, 2025 proposes a one-time tax relief. It could lower capital gains tax for many. Long-term capital losses until March 31, 2026, can offset short-term gains from 2026-27. This change offers broader tax planning. Taxpayers can sell loss-incurring investments before April 1, 2026. This helps reduce overall tax liabilities.
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