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<h1>s.24: Foreign interest payable outside India disallowed for house property income if tax unpaid under Ch. XVII-B; no agent s.163</h1> Notwithstanding the general deductions under section 24, interest payable outside India (excluding interest on loans issued for public subscription before 1 April 1938) is not deductible from income from house property if tax on that interest has not been paid or deducted under Chapter XVII-B and there is no person in India who can be treated as an agent under section 163; such interest must therefore be disallowed in computing income from house property.