|(ii) In the case of income by way of letting of plant and machinery, etc. deductions, so far as may be in accordance with the provisions of Section 30, 31, 32 and 38 like rent, routes, taxes, repairs and insurance of buildings, depreciation, etc.
(iia) In the case of family pension, standard deduction of 33-1/3% of the pension subject to a maximum of ` 15,000.
(iii) Any other expenditure (not being in the nature of capital expenditure) laid out or expended wholly, and exclusively for the purpose of making or earning such income.
Personal expenses of the assessee like personal holiday expenses, etc. are not deductible from the income under this head. Likewise, the provisions of Section 40A, 40(a) (iia) and 44D are also applicable to “income from other sources” Section 58. Similarly, the provisions of Section 41(1) are applicable for charging to tax any excessive allowance for deduction which were made in the past Section 59. No deduction is allowed in computing the income from lotteries, crossword puzzles, races, card games, betting and gambling.