Amounts not deductible in computing the Income From Other Sources - Section 58

Non-deductible expenses under Income From Other Sources exclude personal expenses and payments without required tax deduction, limiting allowable deductions.

Identifies categories of payments not deductible against Income From Other Sources: personal expenses; interest and salaries paid abroad without tax deduction at source; TDS default disallowances; taxes paid; disallowed payments under general provisions such as excessive payments to relatives and non-account payee cash payments; royalties and technical fees for foreign companies; lottery and similar winnings (except race horse maintenance which is deductible); and interest on borrowings to meet tax liabilities as personal expense.