What is Tax Harvesting ❓❓| How to Save Tax on Capital Gains | Part-3 | In Tamil | #taxharvesting

Tax harvesting is a strategy used by investors to reduce their tax liability. It involves strategically selling investments that have decreased in value (tax-loss harvesting) or, in some cases, selling investments that have increased in value (tax-gain harvesting) to optimize tax outcomes.
1. Tax-Loss Harvesting:
This is the most common form of tax harvesting. It involves selling investments that have lost value.
These realized losses can then be used to offset capital gains from other profitable investments, thus reducing your overall tax burden.
2. Tax-Gain Harvesting:
This less common strategy involves selling appreciated assets to realize gains when you're in a lower tax bracket.  
This strategy is used in anticipation of being in a higher tax bracket in the future.


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