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of <h1>Income Tax Bill 2025: Clause 14 Bars Deductions for Non-Taxable Income Expenses; Assessing Officer Can Determine Expenditure.</h1> Clause 14 of the Income Tax Bill, 2025, specifies that no deductions are allowed for expenses related to income that does not form part of the total income. If the Assessing Officer is unsatisfied with the accuracy of the expenditure claims or the assertion that no expenditure was incurred, they may determine the amount using prescribed methods. This provision applies even if the income has not accrued, arisen, or been received during the tax year in question.
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