Prajna Capital - An Investment Guide

It makes perfect sense to offset short-term capital losses against short-term or long-term gains not just for this financial year, but for up to eight consecutive years REMEMBER the catch phrase of Unilever’s globally-acclaimed TV commercial for washing powder brand, Surf Excel — daag achche hain (stains are good). It conveyed that if an experience is a learning one, then stains can be indeed good. Investing too has its share of good and bad experiences. But, what differentiates an intelligent investor from the other is the ability to gain from losses. Yes, you read it right! This week, we decided to give you a few reasons to book your capital losses to ensure better returns — not only this financial year but also for future. According to provisions, you are allowed to offset short-term capital losses against short-term or long-term capital gains not just for this financial year, but for up to eight consecutive years. This means that if you book short-term capital losses before M...