Amounts not deductible from income from house property.
25. 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".