Deductions ... 80E
This query is : Resolved
27 April 2016
An individual starts paying interest for last four years without knowing that there is a provision to claim deduction under 80E. Now he realised and claims entire four years interest. Is it right? please answer it .
27 April 2016
he can claim interest yearwise, by revising the return. Getting deduction in one year is not correct.
27 April 2016
no, you can not Claim interest on Education Loan 4 years in one year.
Tax deduction towards payment of interest can be claimed only after an individual has started repaying the loan, and can be claimed only in the particular years when interest is being paid on the educational loan
Tax deduction towards payment of interest can be claimed only after an individual has started repaying the loan, and can be claimed only in the particular years when interest is being paid on the educational loan
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