https://www.taxtmi.com/manuals?id=1192 Capital losses unadjusted in the relevant tax year may be carried forward for up to eight tax years. Under Section 111 of the Income Tax Act, 2025, carried-forward short-term capital loss may be set off against capital gains from any capital asset, while long-term capital loss may be set off only against long-term capital gains. Under the earlier Section 74 framework, short-term capital loss could be adjusted against short-term or long-term capital gains, whereas long-term capital loss could be adjusted only against long-term capital gains. en-us Tue, 15 Sep 2015 15:43:00 +0530 Wed, 15 Jul 2026 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1192 Capital losses unadjusted in the relevant tax year may be carried forward for up to eight tax years. Under Section 111 of the Income Tax Act, 2025, carried-forward short-term capital loss may be set off against capital gains from any capital asset, while long-term capital loss may be set off only against long-term capital gains. Under the earlier Section 74 framework, short-term capital loss could be adjusted against short-term or long-term capital gains, whereas long-term capital loss could be adjusted only against long-term capital gains. Manuals Income Tax Tue, 15 Sep 2015 15:43:00 +0530 https://www.taxtmi.com/manuals?id=1192