Amounts not deductible

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....e,- (i) any personal expenses of the assessee ; ^2[(ia) any expenditure of the nature referred to in sub-section (12)^[3]of section 40A;] (ii) 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 ....

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....ession".] ^9[(3) In the case of an assessee, being a foreign company, the provisions of section 44D shall, so far as may be, apply in computing the income chargeable under the head "Income from other sources" as they apply in computing the income chargeable under the head "Profits and gains of business or profession".] ^10[(4) In the case of an assessee having income chargeable under the hea....

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....NOTES:- 1. Numbered vide Section 8 of the Finance Act, 1968 w.e.f. 01-04-1968 2. Inserted vide Section 15 of the Finance Act, 1985 w.e.f. 01-04-1986 3. Sub-section (12) of section 40A was Omitted vide Section 17 of the Finance Act, 1992 w.e.f. 01-04-1993 4. Omitted vide Section 20 of the Finance Act, 1988 w.e.f. 01-04-1989 before it was read as....

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.... the amount thereof is included in the total income of any person referred to in sub-clause (i) of clause (c) of section 40." Earlier, Amended vide Section 7 of the Finance Act, 1963 w.e.f. 01-04-1963 And was Amended vide Third Schedule of the Finance Act, 1968 w.e.f. 01-04-1969 7. Inserted vide section 3 of the Income-tax (Amendment) Act, 1972, w.e.f. 01-04-1962 su....