sec 80c
This query is : Resolved
26 March 2010
can we claim deduction u/s. 80c towards tution fees includes interest thereon, if money borried from bank etc ??
Ghanshyam T Jha
(Expert)
26 March 2010
You can't claim tuition fee paid on yourself (it can be claimed on tuition fee paid for children) but you can claim Interest paid to Bank if you have taken the same loan for higher study purpose(u/s 80E).
CA Ashok Kumar Sahu
(Expert)
26 March 2010
agree with expert
CMA Ramesh Krishnan
(Expert)
28 March 2010
agree.Interest is not eligible for 80C deduction
CA Ravi Sisodia
(Expert)
28 March 2010
interst is not in the preview of Sec.80C
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