Sec 80E of the I. T. Act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2010
an individual has taken loan for higher studies on the basis of his father's file.
now three years after taking of loan, he starts earning salary income and starts repaying loan along with instalement of principal amount.
whether he would be allowed deduction u/s 80E of the IT act.
further he start his file from that year only.
how should he treat this loan in his I.T. file ?
an individual has taken loan for higher studies on the basis of his father's file.
now three years after taking of loan, he starts earning salary income and starts repaying loan along with instalement of principal amount.
whether he would be allowed deduction u/s 80E of the IT act.
further he start his file from that year only.
how should he treat this loan in his I.T. file ?
08 June 2010
Under sec.80E he is eligible to claim interest on education loan paid by him during the previous year.
Since he is paying for his own studies no problem for claiming the deduction
Since he is paying for his own studies no problem for claiming the deduction
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