Deduciton on education loan
This query is : Resolved
27 March 2012
Pleas specify deduction on eduction loan :-
Eligibility of princial amount and nterest amount or both i.e repayment for eduction loan wholy eligible for deduction in income tax please provide any cirucler alongwith secion reference.
Eligibility of princial amount and nterest amount or both i.e repayment for eduction loan wholy eligible for deduction in income tax please provide any cirucler alongwith secion reference.
CA RICHA BADALIA
(Expert)
27 March 2012
Deduction is allowed only for interest payment.Refer Section 80E of Income tax.
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