Income-tax Act, 1961
Section - 40 - Amounts not deductible
Amounts not deductible.40. Notwithstanding anything to the contrary in sections 30 to 38, the following amounts shall not be deducted in computing the income chargeable under the head "Profits and gains of business or profession",-
| (a) | - | in the case of any assessee- |
| (i) | - | any interest (not being interest on a loan issued for public subscription before the 1st day of April, 1938), royalty, fees for technical services or other sum chargeable under this Act, which is payable,- |
| (A) | - | outside India; or |
| (B) | - | Google Play store
22 September 2026
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