Section 80E of Income Tax - reg...
This query is : Resolved
Maruthi.K.T
(Querist)
11 February 2011
Dear Sir/Madam,
I have provide ther education loan to pursue Engineering to my son who has completed during 2005.He is in job with a good company.He is not willing to pay a single rupee towards the Education Loan.His logic is it is responsibility of providing good education to their children under this circumstances the Bank has issued legal notice to repay the entire loan along with principle and Interest.I would like to clear entire outstanding loan together with interest and avail the benifits U/S80E of IT.Please anybody clarify my query.
I have provide ther education loan to pursue Engineering to my son who has completed during 2005.He is in job with a good company.He is not willing to pay a single rupee towards the Education Loan.His logic is it is responsibility of providing good education to their children under this circumstances the Bank has issued legal notice to repay the entire loan along with principle and Interest.I would like to clear entire outstanding loan together with interest and avail the benifits U/S80E of IT.Please anybody clarify my query.
CA Anisha Ray
(Expert)
12 February 2011
You can get 100% deduction for the interest amount paid for the loan.
CA PARAS BAFNA
(Expert)
13 February 2011
Yes sir,
What you can claim only is "dedutions" in the name of so called "benefits" and discharge the responsibility.
Amount of total interest paid on educational loan u/s 80E is deductible from your gross total income.
What you can claim only is "dedutions" in the name of so called "benefits" and discharge the responsibility.
Amount of total interest paid on educational loan u/s 80E is deductible from your gross total income.
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
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
