Deduction under Chapter VI A

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Mukundha Prasad.G (Querist)
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01 October 2010 Deduction under 80E

I have started Repayment of Educational Loan in the current year 2010 (loan taken 2005)I have been in default in respect of holiday period at the time course but i paid all the holiday period interest as soon as i got the job (2010) whether can I claim the total interest paid as deduction under 80E?

CA.Pujah

CA.Pujah (Expert)
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01 October 2010 The deduction is available on pymt basis. Your default in pymt as per terms of loan doesn't affect the deduction

Mukundha Prasad.G

Mukundha Prasad.G (Querist)
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02 October 2010 CA. Pujah, Thanks for the Reply, I need much more clarity on the issue.

the banker has refused to provide the certificate stating that the customer (me)has paid interest on educational loan amounting to rupees 45,000/- for the assessment year 2011-12 i would like to know how to proceed on this issue..

thanks in advance.

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