80e
This query is : Resolved
09 December 2009
the deduction for interest starts from the year the student starts repayment of loan.My query is will the student get the deduction for the interest which acrrue from the date when he took loan but did't started repayment of loan,i.e the years when he was studing after taking that loan?
09 December 2009
No.The benefit sought for will not be permitted by law. Why because the assessee should repay the loan and the repayment should necessarily from out of the income chargeable to tax which is lacking in the issue raised.
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