The best analysts on a Budget are the stock markets. Indices roll up or tumble down basis the budget speech of the Finance Minister. Though the budget will be presented on a Saturday this year, which is 28th February, the stock markets shall remain open as per the regular trading hours.
So if you are interested in equities, Saturday might just be the right opportunity to make even your losses or gains.
Here’s our tax saving tip – Short term capital losses on shares if not set off within the same year, can be carried forward for 8 years and set off against short term capital gains on shares that you earn in future.
So make a check on your short term capital gains/losses for the year up till now – and make the most of the Budget day!
Whatever may be the outcome – we are hoping its one tax-saver of a Budget for our readers and customers! Have a great week ahead! 🙂