banner_ad

Education loan

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 February 2012 if a person take a loan in 2006-07 and interest payment till loan clearance in 2011-12 amounting to rs 150000. Can he claim ded u/s 80E of entire amount in 2011-12.
Secondly, can the person take it in this year and following years.
Interest is paid in different years and not only in 2011-12.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
02 February 2012 Claim has to be made in respective year, in which interest has been paid.
Profile Image

CA. Sameer Kashikar

Profile Image

CA. Sameer Kashikar (Expert)
02 February 2012 Dear Author ,
point to remember is
deduction is availablee in the initial assessment year and seven assessment year immidiately succeeding the initial assessment yearor untill the interest is paid by the assessee in full,
whichever is earlier

initial assessment year is the amount in which asssessee starts paying interest amount and not the year in which loan is taken.

interest is available on payment basis
the year in which the interest is paid deduction is available
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details