Section 36(1)(xviii) - Expenditure on marked to market loss or other expected loss - Income Tax - Ready Reckoner - Income Tax

Section 36(1)(xviii) - Expenditure on marked to market loss or other expected loss w.e.f. A.Y. 2017-18, the marked to market loss or other loss allowed only when such loss computed in accordance with Income Computation Disclosure Standards (ICDS) (Ex. mutual funds is an investment which is marked to market). Applicable to any assessee. Section 40(13) provides that no deduction or allowance shall be allowed in respect of any marked to market loss or other expected loss except as allowable u/s 36(1)(xviii) .