Amounts not deductible from income from house property.

Notwithstanding anything contained in section 24, any 10*** 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”.

¹ Subs. by Act 7 of 2019, s. 4, for “other than the house” (w.e.f. 1-4-2020).

² Ins. by Act 7 of 2017, s. 12 (w.e.f. 1-4-2018)

³ Subs. by Act 7 of 2019, s. 5, for “one year” (w.e.f. 1-4-2020).

⁴ Subs. by Act 14 of 2001, s. 15, for section 24 (w.e.f. 1-4-2002).

⁵ Ins. by Act 7 of 2019, s. 5 (w.e.f. 1-4-2020).

⁶ Subs. by Act 20 of 2002, s. 12, for “before the 1st day of April, 2003” (w.e.f. 1-4-2003).

⁷ Subs. by Act 28 of 2016, s. 10, for “three years” (w.e.f. 1-4-2017).

⁸ Subs. by Act 25 of 2014, s. 10, for “one lakh fifty thousand rupees” (w.e.f. 1-4-2015).

⁹ Ins. by Act 20 of 2002, s. 12 (w.e.f. 1-4-2003).

10. The words “annual charge or” omitted by Act 14 of 2001, s. 16 (w.e.f. 1-4-2002).