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Case lawCBDT Circulars & Instructions › Statutory position — s.58: what can never be deducted against income from other sources
CBDT Circulars & InstructionsCuts both wayss.58s.58(1)s.58(4)s.57s.40(a)(ia)s.40As.44Ds.115BBs.2(24)(ix)

Statutory position — s.58: what can never be deducted against income from other sources

The Assessing Officer has disallowed items in my other-sources computation without going near s.57(iii). What does s.58 actually shut out?

The Assessing Officer has disallowed items in my other-sources computation without going near s.57(iii). What does s.58 actually shut out?

Section 58 is headed 'Amounts not deductible' and opens with a non obstante clause overriding s.57. It bars personal expenses; expenditure of the nature referred to in s.40A(12); interest chargeable under the Act payable outside India on which tax has not been paid or deducted under Chapter XVII-B; and any payment chargeable under the head Salaries payable outside India unless tax has been paid or deducted. Sub-section (1A) carries s.40(a)(ia) and s.40(a)(iia) across, sub-section (2) carries the whole of s.40A across, sub-section (3) carries s.44D across for a foreign company, and sub-section (4) denies any deduction at all against winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or from gambling or betting.

Decided by the CBDT Circulars & Instructions (Not applicable — statutory text) on 1987-04-01, reported as Section 58, Income-tax Act, 1961; sub-section (4) inserted by the Finance Act 1986 with effect from 1 April 1987. It bears on section 58, section 58(1), section 58(4), section 57, section 40(a)(ia), section 40A, section 44D, section 115BB, section 2(24)(ix) of the Income Tax Act 1961, in Deductions & Disallowances, TDS Defaults, Cash Transaction Limits and How Tax Law Is Read matters.

Still good law. The text was read on a departmental page carrying the 'Year: 2025' stamp with the correct heading and Act name, checked against the year-stamped page for 2022, and sub-section (4) with its proviso was corroborated in a High Court judgment reproducing it. Sub-sections (1A), (2) and (3) were re-transcribed verbatim from the live Year-2025 page on a verification pass and match the wording given here. The commencement date given for sub-section (4) is taken from the Madras High Court's statement in CIT v. Dr. M.A.M. Ramaswamy and not from the departmental footnotes.

Why it matters

Practitioners argue s.57(iii) and forget that s.58 begins 'Notwithstanding anything to the contrary contained in section 57'. Two carry-across provisions do the most damage in practice. Sub-section (1A) applies s.40(a)(ia) to this head, so interest, rent, commission or professional fees paid without deduction of tax suffer the same thirty per cent disallowance in an other-sources computation as in a business one. Sub-section (2) applies s.40A, which brings in s.40A(2) on payments to related persons and s.40A(3) on cash payments, so a cash payment above the s.40A(3) threshold is disallowed even where it plainly satisfies the wholly-and-exclusively test in s.57(iii). Sub-section (4) is the reason a s.115BB assessment allows nothing; its proviso takes an assessee who owns horses maintained for running in horse races outside the bar for the activity of owning and maintaining those horses, and the Explanation confines 'horse race' to one on which wagering or betting may be lawfully made.

Binding on the department, not on the assessee or the courts. An assessee may rely on a circular that is beneficial to them.

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Related

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