Deductions available under 'Income from other sources' in Clause 93 of Income Tax Bill, 2025 VS. Section 56 of Income Tax Act, 1961

Deductions for income from other sources clarified, aligning allowable expenses and curbing dividend-related deduction claims.

Clause 93 of the Income Tax Bill, 2025 prescribes deductions for Income from other sources, allowing reasonable sums for realising dividends or interest on securities, deductions for specified income categories via cross references, a capped family pension deduction, non capital expenditures wholly and exclusively for earning such income, a 50% concession for certain incomes, and targeted restrictions limiting deductible interest tied to certain dividend incomes to a proportion of that income.