Income Tax Act, 2025
Section 14: Ins. by s. 23, ibid. (w.e.f. 12017).
14. Ins. by s. 23, ibid. (w.e.f. 12017).
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shall be allowed (irrespective of the previous year in which the liability to pay such sum was incurred by
the assessee according to the method of accounting regularly employed by him) only in computing the
income referred to in section 28 of that previous year in which such sum is actually paid by him:
1[Provided that nothing contained in this section shall apply in relation to any sum 2*** which is
actually paid by the assessee on or before the due date applicable in his case for furnishing the return of
income under sub-section (1) of section 139 in respect of the previous year in whichthe liability to pay
such sum was incurred as aforesaid and the evidence of such payment is furnished by the assessee along
with such return.
3* * * * *]
Explanation 4[1].—For the removal of doubts, it is hereby declared that where a deduction in respect
of any sum referred to in clause (a) or clause (b) of this section is allowed in computing the income
referred to in section 28 of the previous year (being a previous year relevant to the assessment year
commencing on the 1st day of April, 1983, or any earlier assessment year) in which the liability to pay
such sum was incurred by the assessee, the assessee shall not be entitled to any deduction under this
section in respect of such sum in computing the income of the previous year in which the sum is actually
paid by him:]
5[Explanation 2.—For the purposes of clause (a), as in force at all material times, “any sum payable”
means a sum for which the assessee incurred liability in the previous year even though such sum might
not have been payable within that year under the relevant law.]
6[Explanation7[3].—For the removal of doubts it is hereby declared that where a deduction in respect
of any sum referred to in clause (c)8[or clause (d)] of this section is allowed in computing the income
referred to in section 28 of the previous year (being a previous year relevant to the assessment year
commencing on the 1st day of April, 1988, or any earlier assessment year) in which the liability to pay
such sum was incurred by the assessee, the assessee shall not be entitled to any deduction under this
section in respect of such sum in computing the income of the previous year in which the sum is actually
paid by him.]
9[Explanation 3A.—For the removal of doubts, it is hereby declared that where a deduction in respect
of any sum referred to in clause (e) of this section is allowed in computing the income referred to in
section 28 of the previous year (being a previous year relevant to the assessment year commencing on the
1st day of April, 1996, or any earlier assessment year) in which the liability to pay such sum was incurred
by the assessee, the assessee shall not be entitled to any deduction under this section in respect of such
sum in computing the income of the previous year in which the sum is actually paid by him.]
10[Explanation 3B.—For the removal of doubts, it is hereby declared that where a deduction in
respect of any sum referred to in clause (f) of this section is allowed in computing the income, referred to
in section 28, of the previous year (being a previous year relevant to the assessment year commencing on
the 1st day of April, 2001, or any earlier assessment year) in which the liability to pay such sum was
incurred by the assessee, the assessee shall not be entitled to any deduction under this section in respect of
such sum in computing the income of the previous year in which the sum is actually paid by him.]
of section 139 in respect of the previous year in whichthe liability to pay
such sum was incurred as aforesaid and the evidence of such payment is furnished by the assessee along
with such return.
3* * * * *]
Explanation 4[1].—For the removal of doubts, it is hereby declared that where a deduction in respect
of any sum referred to in clause
or clause
of this section is allowed in computing the income
referred to in section 28 of the previous year (being a previous year relevant to the assessment year
commencing on the 1st day of April, 1983, or any earlier assessment year) in which the liability to pay
such sum was incurred by the assessee, the assessee shall not be entitled to any deduction under this
section in respect of such sum in computing the income of the previous year in which the sum is actually
paid by him:]
5[Explanation 2.—For the purposes of clause
of this section is allowed in computing the income referred to in
section 28 of the previous year (being a previous year relevant to the assessment year commencing on the
1st day of April, 1996, or any earlier assessment year) in which the liability to pay such sum was incurred
by the assessee, the assessee shall not be entitled to any deduction under this section in respect of such
sum in computing the income of the previous year in which the sum is actually paid by him.]
10[Explanation 3B.—For the removal of doubts, it is hereby declared that where a deduction in
respect of any sum referred to in clause
of this section is allowed in computing the income, referred to
in section 28, of the previous year (being a previous year relevant to the assessment year commencing on
the 1st day of April, 2001, or any earlier assessment year) in which the liability to pay such sum was
incurred by the assessee, the assessee shall not be entitled to any deduction under this section in respect of
such sum in computing the income of the previous year in which the sum is actually paid by him.]