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MutualSaathiFinancial PlanningCan I set off mutual fund losses against gains in the same year?
Tax
Tax

Can I set off mutual fund losses against gains in the same year?

Yes. Short-term capital losses can be set off against both STCG and LTCG. Long-term capital losses can only be set off against LTCG. Unabsorbed losses can be carried forward for 8 years. This is the basis of tax-loss harvesting — strategically realizing losses to offset taxable gains.

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