Deductions on business income


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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2010 Can education loan (on self) be deducted from one's self-employed (business income)?

17 September 2010 this is not at al relating to business.
it is simply a application of income

so disallowable expenditure.

17 September 2010 eligible for deduction of deduction for int U/s 80E


NO OTHER EXEMPTION

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2010 hi, both of you are giving contradicting answers...Please provide the correct answer.

17 September 2010 Self eductional loan deduction need to be taken u/s.80E. this is not business expenses, hence cannot be claimed under business head. claim under sec.80E


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