Deduction for loan taken for higher studies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 September 2014
Hello every one
i have taken a loan for further studies (for perusing chartered accountancy curriculum ) now i am perusing a job as well as studies and my income is liable for taxability under this year so can i get deduction of such loan in my income tax return and if so.....
under which section i can get the deduction and to what extent
Can i get the deduction of principal amount ?????????
plz provide me the answer of my query as soon as possible
thank you
i have taken a loan for further studies (for perusing chartered accountancy curriculum ) now i am perusing a job as well as studies and my income is liable for taxability under this year so can i get deduction of such loan in my income tax return and if so.....
under which section i can get the deduction and to what extent
Can i get the deduction of principal amount ?????????
plz provide me the answer of my query as soon as possible
thank you
Nikhil Kaushik
(Expert)
16 September 2014
refer section 80E of the income-tax act
17 September 2014
what studies u have understaken is not clearly mentioned/
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