25. Amounts not deductible from income from house property.-25.
Amounts not deductible from income from house property.- Notwithstanding
anything contained in section 24, 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 and in respect of which there is no person
in India who may be treated as an agent under section 163
shall not be deducted in computing the income chargeable under
the head “Income from house property”.
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