Deductions on business income

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Querist : Anonymous

Querist : Anonymous (Querist)

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

sudhakar ca cwa

sudhakar ca cwa (Expert)
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17 September 2010 this is not at al relating to business.
it is simply a application of income

so disallowable expenditure.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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17 September 2010 eligible for deduction of deduction for int U/s 80E

NO OTHER EXEMPTION

Querist : Anonymous

Querist : Anonymous (Querist)

17 September 2010 hi, both of you are giving contradicting answers...Please provide the correct answer.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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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