Deduction U/s 80E
This query is : Resolved
02 February 2010
Dear Sir/Madam
Interest on educational loan is being paid by me for the last four financial years but i have not claimed the deduction U/s 80E in my IT returns during the period as my income was below the maximum amount not chargeable to tax. During this financial year i want to claim the deduction. Can i deduct the entire interest paid during the period of four years or only the interest pertaining to the previous year?
Interest on educational loan is being paid by me for the last four financial years but i have not claimed the deduction U/s 80E in my IT returns during the period as my income was below the maximum amount not chargeable to tax. During this financial year i want to claim the deduction. Can i deduct the entire interest paid during the period of four years or only the interest pertaining to the previous year?
02 February 2010
You can claim deduction for interest paid during the year only.
02 February 2010
interest will come under 80e and principle will go to Sec 80C
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02 February 2010
you can claim interest paid during the year only
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