Sec80e
This query is : Resolved
20 March 2013
Dear Sir
Please let me know about Deduction in respeact of 80E With Example
Please let me know about Deduction in respeact of 80E With Example
20 March 2013
Sec 80E relates to deduction in respect of interest paid on loan taken for the purpose of pursuing higher education for self, spouse, children or children for whom the assessee is the legal guardian. There is no cieling limit for deduction out of such interest paid.
Suppose X takes a loan of Rs 100 for MBA studies of his daughter and pays Rs 20 as interest during a financial year, then he would be eligible for a deduction of Rs 20 over and above the specified limit of Sec 80-C.
Suppose X takes a loan of Rs 100 for MBA studies of his daughter and pays Rs 20 as interest during a financial year, then he would be eligible for a deduction of Rs 20 over and above the specified limit of Sec 80-C.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- FEMA regulation Act. for inward remitance
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
