AUBSP»Income Tax»Taxpayers»Section 25 of Income-tax Act 1961-2017 – Amounts not deductible from income from house property

Section 25 of Income-tax Act 1961-2017 – Amounts not deductible from income from house property

Detail analysis of the provisions of Section 25 (Amounts not deductible from income from house property) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Chapter IV (Sections 14-59) of Income Tax Act, 1961 deals with provisions related to computation of total income. Section 25 of Income Tax Act 1961-2017 provides for amounts not deductible from income from house property.

Notwithstanding anything contained in section 24, any interest chargeable under this Act which is payable outside India (not being interest on a loan issued for public subscription before the 1st day of April, 1938), on which tax has not been paid or deducted under Chapter XVII-B and in respect of which there is no person in India who may be treated as an agent under section 163 shall not be deducted in computing the income chargeable under the head “Income from house property”.

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