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<h1>Capital Gains Loss Carryforward Limits: 8-Year Window for Tax Offset with Specific Long and Short-Term Asset Restrictions</h1> Clause 111 of the Income Tax Bill, 2025, and Section 74 of the Income Tax Act, 1961, address carry forward and set off of capital gains losses. Both provisions allow taxpayers to carry forward unabsorbed capital losses to subsequent years, with key limitations. Losses from long-term capital assets can only offset long-term gains, while short-term losses can offset any capital gains. The carry forward is restricted to eight consecutive tax years, encouraging efficient tax planning and portfolio management.