Education loan deduction U/s 80-E

This query is : Resolved

V.Sakthivelan (Querist)
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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

CMA. Dinesh S Adhikari, ACMA

CMA. Dinesh S Adhikari, ACMA (Expert)
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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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 February 2010 Only interest portion can be taken as deduction which paid during the py

V.Sakthivelan

V.Sakthivelan (Querist)
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25 February 2010 Thanks

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Education loan deduction U/s 80-E

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