Within any investment portfolio, there are invariably both successes and failures. Certain stocks yield profits, while others may falter and result in losses.
It’s a natural inclination to want to capitalise on profitable stocks, yet individuals frequently hesitate to divest from underperforming ones, clinging to the hope of a future turnaround.
However, there’s a strategic approach known as tax loss harvesting that can turn these losses into a beneficial opportunity.
Tax loss harvesting involves strategically selling investments that have experienced losses in order to offset gains in other investments. By realising these losses, investors can potentially lower their tax liabilities, effectively leveraging the losses to mitigate their overall tax burden.
In essence, it’s a method of making the best out of a less-than-ideal situation, turning investment setbacks into advantageous tax-saving manoeuvres.
At #Finvision, we’re dedicated to empowering you with the knowledge and strategies you need to thrive. Sharing with you all our last year’s (Mar 2023) video that could revolutionise your approach to taxes. It covers everything you need to know about tax harvesting!
Watch here👉 https://bit.ly/TaxHarvesting_Finvision
Why wait until tax time sneaks up on you? Remember, #TeamFinvision is here to guide you every step of the way.
Contact us at +91-9654521212 or e-mail your queries related to Taxes on itr@finvision.in
Let’s make this tax season your most rewarding one yet!
