Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Act 2018: Section 36 Amended to Deduct Marked to Market Losses Retroactively from April 1, 2017</h1> In the Finance Act, 2018, an amendment was made to section 36 of the Income-tax Act. A new clause (xviii) was inserted into sub-section (1), effective retroactively from April 1, 2017. This clause allows for the deduction of marked to market loss or other expected losses, which are to be calculated according to the income computation and disclosure standards specified under sub-section (2) of section 145.