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
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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