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Sec 80 e

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2012 Will the deduction u/s 80E allowed even if the payment of interest is due but not paid.
Can Interest on Interest be claimed as deduction???
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CA Nikhil Jhanwar

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CA Nikhil Jhanwar (Expert)
02 March 2012 Under Section 80E deduction will be allowed only on payment of interest and not on accrual basis.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
02 March 2012 Under section 80E deduction will be allowed only in the case of interest accrued and paid. I.e advance payment of interest not deductable. in case interest accrued but not paid in that year that year interest also deductable in the year it would be actually paid.
OM SAI SRI SAI JAI JAI SAI
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anurag

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anurag (Expert)
02 March 2012 Interest is deductible on payment basis.
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