Section 19 - Omitted - Income-tax Act, 1961

1 [ **** ] *************** NOTES:- 1. Omitted vide Section 10 of the Finance Act, 1988 w.e.f. 01-04-1989 before it was read as, Deductions from interest on securities 19. Subject to the provisions of section 21, the income chargeable under the head Interest on securities shall be computed after making the following deductions ( i ) any reasonable sum expended by the assessee for the purpose of realising such interest; ( ii ) any interest payable on moneys borrowed for the purpose of investment in the securities by the assessee.