¹[ (1) If any part of statutory deduction in accordance with clause (e) of sub-section (1) of section 38 is claimed as unspent, that unspent amount shall be deemed to be special income from rent.

(2) Excepting in cases of accounting adjustments, deductions inadmissible under sub-section (2) of section 38 shall be deemed as special income from rent.

(3) Any deduction, set-off or carry forward of losses or allowance under the Third Schedule shall not be allowed against any special income from rent and tax shall be charged on such incomes at regular rate.]