ln computing income under “Income from Financial Assets”, the following expenses shall be allowed, namely:-

(a) amount deducted without income tax against interest or profit paid to the taxpayer by the bank or financial institution;

(b) interest paid on money borrowed solely for the purpose of earning “income from financial assets”; 

(c) any other expenditure incurred solely for the purpose of earning the relevant income, other than the expenditure referred to in clause (a) or (b).