https://www.taxtmi.com/manuals?id=1864 Marked to market loss and other expected loss are exceptions to the general rule that only realised losses are deductible. Under the Income Tax Act, 2025, section 32(h) allows such unrealised losses only when computed in accordance with ICDS notified under section 276(2). Under section 36(1)(xviii) of the Income Tax Act, 1961, the same principle applied, and section 40(13) barred deduction of expected loss except as allowable under section 36(1)(xviii). en-us Fri, 19 Jul 2019 12:00:00 +0530 Tue, 28 Apr 2026 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1864 Marked to market loss and other expected loss are exceptions to the general rule that only realised losses are deductible. Under the Income Tax Act, 2025, section 32(h) allows such unrealised losses only when computed in accordance with ICDS notified under section 276(2). Under section 36(1)(xviii) of the Income Tax Act, 1961, the same principle applied, and section 40(13) barred deduction of expected loss except as allowable under section 36(1)(xviii). Manuals Income Tax Fri, 19 Jul 2019 12:00:00 +0530 https://www.taxtmi.com/manuals?id=1864