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deduction under section 80E

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 October 2010 Is accumulated interest from previous financial year on education loan (not claimed yet)deductible in the current financial year under section 80E?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 October 2010 Deduction under section 80E is restricted on payment basis. In view of that if accumulated interest is paid in a particular financial year ,such entire interest paid can be rightly allowed as a deduction under the referred section in that particular year.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 October 2010 Thanks :-)) a lot
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