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.
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