80c and 80e
This query is : Open
08 January 2012
Can we claim deduction u/s 80C of tution fee paid out of the education loan ??
Other Info:
1. Repayment of education have not started yet.
2. Amount of fees is directly paid by bank to the college.
3. Interest payment will be started after the completion of course.
Other Info:
1. Repayment of education have not started yet.
2. Amount of fees is directly paid by bank to the college.
3. Interest payment will be started after the completion of course.
CA PARAS BAFNA
(Expert)
08 January 2012
Interest on educational loan is deductible on payment basis.
.
Parent can avail 80C benefit towards payment of tuition fee of his child.
.
Assessee himself takes loan and makes payment of tuition fees for self...deduction U/s 80C is not available.
.
Parent can avail 80C benefit towards payment of tuition fee of his child.
.
Assessee himself takes loan and makes payment of tuition fees for self...deduction U/s 80C is not available.
08 January 2012
U/s 80C tution fee paid for childrens are deductible and not for the self education....
Read the wording mention in 80C
Read the wording mention in 80C
09 January 2012
Tution fee has not been paid from own capital, it has been paid from the loan amount....can assessee still claim 80C???
CA PARAS BAFNA
(Expert)
09 January 2012
If paid by the assessee for his children, then only allowable U/s 80C even if paid out of loan.
09 January 2012
Thanks Sir...can u plz further tell me that is there any exemption/deduction for repayment of education loan in any section of I.Tax act???
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- Section 269ST applicability for capital introduced by partner to his partnership firm
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Applicability of tax on invoice
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
