Amounts not deductible in computing income chargeable under the head “Income from other sources” - (New) Section 94 / (Old) Section 58

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...., household bills, personal travel, or non-business related costs) is not deductible. (b) Interest payable outside India without TDS compliance: • Any interest amount payable outside India is disallowed if: • Tax has not been paid on such interest, or • Tax has not been deducted at source (TDS) under the provisions of Chapter XIX-B. (c) Salaries Payable Outside India without TDS Compliance • Any payment classified as "Salaries" that is payable outside India is disallowed unless: • Tax has been paid on it, or • Tax has been deducted at source under Chapter XIX-B. (2) Consistency with Business Income [Section 94(2)] Following ....

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.... against "windfall" income. When computing income from casual or gambling activities, the following conditions apply:  • Scope of Income: This applies to winnings from: • Lotteries and crossword puzzles. • Races (including horse races). • Card games and any other types of games. • Gambling or betting in any form or nature. • No deduction for any expenditure or allowance is permitted under any provision of this Act against such income. • Gross Taxation: Tax is levied on the gross amount won. For example, if you spend Rs.1,000 on lottery tickets and win Rs.10,000, you are taxed on the full Rs.10,000. You cannot deduct the Rs.1,000 cost of the ticke....

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.... these specific tax provisions. Note : When calculating income for a horse owner, always confirm the race was "lawful" to ensure the maintenance expenses are eligible for deduction under Section 94(5). Under Section 58 of the Income Tax Act, 1961 [ upto 31.03.2026 ] The following payments shall not be deductible in computing the income chargeable under the head Income From Other Sources:- • Personal expense of the assessee • Interest paid outside India on which tax has not been deducted at source • Salaries paid outside India on which tax has not been deducted at source • Disallowance provisions pertaining to TDS defaults covered by section 40(a)(ia) and 40(a)(iia) are a....