Market Participants who invest or save in mutual funds and stocks may have higher incremental gains.
Therefore, if you want to pay low or no taxes, you need to ensure these gains don’t build up beyond the tax-free limit, and that’s what Tax Harvesting is all about.
The market participants smartly manage their tax liability on their investments by booking profits and losses in the same financial year, carrying forward losses and profits.
Choosing this will add up to your post-tax returns, by opting for this strategy, you may get rid of useless or low-yielding investments and utilize your capital in a more smart way to generate better returns.
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