https://www.taxtmi.com/acts?id=32013 The amendment to section 40A provides that no deduction or allowance shall be allowed in respect of any marked to market loss or other expected loss, except as allowable under clause (xviii) of sub section (1) of section 36; the provision is deemed effective from 1 April 2017 and restricts tax deductibility of unrealized or prospective losses save for the specified statutory exception. en-us Mon, 19 Mar 2018 14:36:14 +0530 Mon, 19 Mar 2018 14:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32013 The amendment to section 40A provides that no deduction or allowance shall be allowed in respect of any marked to market loss or other expected loss, except as allowable under clause (xviii) of sub section (1) of section 36; the provision is deemed effective from 1 April 2017 and restricts tax deductibility of unrealized or prospective losses save for the specified statutory exception. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 14:36:14 +0530 https://www.taxtmi.com/acts?id=32013