80 E
This query is : Resolved
03 March 2009
1. Do the interest on the education loan borrowed for studying Masters in Accounting
ie.,M.Com., qulify/eligible for deduction u/s 80 E, rather M.Com., be considered as higher education as defined u/s 80 E?
2) Do the interest on Loan borrowed to Study Masters in Engineering abroad will qualify for deduction u/s 80 E in other words interest on education loan for studying abroad will qualify for deduction u/s 80 E?
Any circulars or notification by CBDT inthis regard may be referred.
Adinarayana
Email Id: t.adinrayana@yahoo.com
1. Do the interest on the education loan borrowed for studying Masters in Accounting
ie.,M.Com., qulify/eligible for deduction u/s 80 E, rather M.Com., be considered as higher education as defined u/s 80 E?
2) Do the interest on Loan borrowed to Study Masters in Engineering abroad will qualify for deduction u/s 80 E in other words interest on education loan for studying abroad will qualify for deduction u/s 80 E?
Any circulars or notification by CBDT inthis regard may be referred.
Adinarayana
Email Id: t.adinrayana@yahoo.com
04 March 2009
1) 80E benefit not allowable. Ref:- para 36.2 of circular no 684 dated 10/6/1994.
2) Yes.
2) Yes.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- Form 121 & TDS deduction
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
