How short-term losses can reduce long-term capital gains tax

I made more than Rs 1.25 lakh in long-term capital gains (LTCG) from equity mutual funds. Can I use my short-term capital loss (STCL) to reduce tax? - Satya Narayana Gottipati Yes, you can! If your long-term capital gains (LTCG) from equity mutual funds exceed Rs 1.25 lakh in a financial year, the extra amount is taxed at 12.5 per cent. However, if you have short-term capital loss (STCL) from equity mutual funds, you can use it to reduce this taxable amount and lower your tax bill. What do l

This article was originally published on March 11, 2025.