Unadjusted short-term capital losses (STCL) can be carried forward for up to 8 assessment years to offset future capital gains. However, you must file your Income Tax Return (ITR) by the due date to claim this benefit—missing it means losing the carry-forward option. This rule gives you flexibility to balance losses against gains over time, potentially saving thousands in taxes later. File on time and plan strategically to make the most of this valuable tax provision.

Source: Economic Times December 26, 2025 04:30 UTC