Can you balance mutual fund profits with stock market losses to reduce tax?

Can I offset long-term capital gains (LTCG) from selling equity mutual fund units with the losses I made from selling stocks within a year? - Jothis TV Yes, you can offset your short-term capital losses (STCL) from equities against long-term capital gains (LTCG) from equity mutual funds. Here's a quick overview of the rules specifically for equities: Offsetting your equity gains: What you can and cannot do Type of loss Can be offset against Carry forward option

This article was originally published on January 23, 2025.