Other Provisions - (Section 25) - Income Tax - Ready Reckoner - Income Tax

SEC 25 : AMOUNTS NOT DEDUCTIBLE FROM INCOME FROM HOUSE PROPERTY Any interest chargeable to tax, which is payable outside India, shall be allowed only if The tax on the same has been paid or deducted at source and In respect of which there is person in India, who may be treated as an agent of the recipient for such purpose. SEC 25A : SPECIAL PROVISIONS FOR ARREARS OF RENT AND UNREALISED RENT RECEIVED SUBSEQUENTLY (substituted for sec 25A , 25AA 25B by FA, 2016, w.e.f. 1.4.2017) (1) Any amount of arrears of rent received or the unrealised rent realised from a tenant then such amount shall be deemed to be the income from house property for the FY in which such amount is received or realised, whether the assessee is the owner of the property or not in that FY. (2) A sum equal to 30% of the arrears of rent or the unrealised rent referred to in sub-section (1) shall be allowed as deduction.