Sec 80 e
This query is : Resolved
Querist : Anonymous
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???
Can Interest on Interest be claimed as deduction???
CA Nikhil Jhanwar
(Expert)
02 March 2012
Under Section 80E deduction will be allowed only on payment of interest and not on accrual basis.
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
OM SAI SRI SAI JAI JAI SAI
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