New Delhi, April 22 -- Capital losses on listed shares can be adjusted against capital gains under the income tax rules. This set-off can be done within the same financial year, depending on the nature of the gains and losses.

If the losses are not fully utilised in a specific financial year, they can be carried forward for up to eight assessment years. These carried-forward losses can then be used to offset future capital gains, subject to applicable laws.

"Investors can carry forward stock market losses for up to 8 years. This rule applies to both short-term and long-term capital losses. However, the conditions for carry forward and set-off shall remain the same for all these years, meaning carried-forward long-term losses can be used...