Education loan deduction U/s 80-E
This query is : Resolved
V.Sakthivelan
(Querist)
24 February 2010
If an assess taken (his/her)education loan and paid both interest and principal amount as repayment.
For the purpose of deduction u/s 80 E
Can he take both Principle & Interest as deduction upto Rs.40,000/- OR
He is eligible only interest portion alone as deduction upto Rs.40,000/-
Thanks
V. Sakthivelan
For the purpose of deduction u/s 80 E
Can he take both Principle & Interest as deduction upto Rs.40,000/- OR
He is eligible only interest portion alone as deduction upto Rs.40,000/-
Thanks
V. Sakthivelan
24 February 2010
He can claim only INTERST portion as deduction u/s 80E, which paid during the relevent previous year.
Please note: This deduction is available only upto 8 years starting from the year of First installment paid.
Regards!!!
Dinesh S. Adhikari
Please note: This deduction is available only upto 8 years starting from the year of First installment paid.
Regards!!!
Dinesh S. Adhikari
CMA Ramesh Krishnan
(Expert)
24 February 2010
Only interest portion can be taken as deduction which paid during the py
V.Sakthivelan
(Querist)
25 February 2010
Thanks
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