https://www.taxtmi.com/acts?id=53320 The allowable expenditure in relation to income not includible in total income comprises: (a) expenditure directly relating to such excluded income; and (b) an amount equal to a percentage of the annual average of the monthly averages of the opening and closing balances of the value of investments producing such excluded income. The aggregate of these amounts cannot exceed the total expenditure claimed by the assessee. en-us Fri, 20 Mar 2026 17:35:20 +0530 Fri, 20 Mar 2026 17:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53320 The allowable expenditure in relation to income not includible in total income comprises: (a) expenditure directly relating to such excluded income; and (b) an amount equal to a percentage of the annual average of the monthly averages of the opening and closing balances of the value of investments producing such excluded income. The aggregate of these amounts cannot exceed the total expenditure claimed by the assessee. Act-Rules Income Tax Fri, 20 Mar 2026 17:35:20 +0530 https://www.taxtmi.com/acts?id=53320