Capital Gains Tax

Capital Gains Tax is applied to profits from selling assets like property, stocks, or investments. Expert guidance helps minimize tax liability, maximize exemptions, and ensure accurate filing.

Can capital losses be offset against capital gains?

Yes, you can offset short-term capital losses against both short-term and long-term capital gains, while long-term losses can only be set off against long-term capital gains. If your losses exceed your gains, you can carry them forward for up to 8 years to offset future capital gains.

What if I’ve already sold my property or assets and need to pay Capital Gains Tax now?

If the sale has already occurred, we can still assist by calculating your capital gains, determining the tax liability, and filing the appropriate returns. We’ll ensure all records are updated and tax payments are made promptly.

Our Capital Gains Tax Services Include:

• Capital Gains Calculation: We help you accurately calculate your capital gains, whether long-term or short-term, based on the sale of assets.
• Tax Planning & Strategies: Strategies to minimize tax liability, such as utilizing exemptions, deductions, and adjusting for inflation (indexed cost).
• Tax Filing Assistance: Ensure proper reporting of capital gains in your income tax returns, minimizing the risk of errors or penalties.
• Exemption Claims: Guidance on claiming exemptions under sections like 54 (residential property) or 54EC (investment in bonds), when applicable.
• Investment Structuring: Advice on structuring your investments in a tax- efficient manner to reduce future capital gains tax.

Looking to reduce your Capital Gains Tax liability? Contact us today for expert advice and hassle-free filing!