Section 80 E

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RACHIT BAKIWALA (Querist)
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08 July 2009 As there is an amendment in section 80E. Please clarify from which date it is applicable.
It is written in Finance Bill that " The proposed amendment will take effect from the 1st day of April, 2010 and will, accordingly, apply in relation to assessment year 2010-2011 and subsequent years."

plz tell me whether is amendment is applicable from 1st April 2009 or 1st April 2010?

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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08 July 2009 It is applicable from 01.04.2009.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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08 July 2009 sec 80E..for interest on education loans 2 cover all fields of education incldg vocational

Ratan Sharma

Ratan Sharma (Expert)
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08 July 2009 Agree with Tilak.

taxindiaconnect

taxindiaconnect (Expert)
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10 July 2009 The amndement in the budget generally apply for the assessment year, thus are applicable to a FY which is relates to that AY unless otherwise stated. In this case since the amendment takes effect from 01.04.2010, this mean it is applicable to AY 2010-11 for which the FY is 2009-10. For this reason I agree with Ratan and Tialk.

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