Urgent - Tax & Capital Gain
This query is : Resolved
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CMA Omkar.TIlve
(Querist)
30 May 2021
Mr X's son took a education loan to fund studies abroad (Loan Amt 40 lac approx). Due to pandemic he was unable to get a job. Due to high EMI cost Mr X now wants to sell one of his house property to pay off loan. Are there any benefit or deduction he can claim for the same.
Thanks in Advance
Thanks in Advance
CA R SEETHARAMAN
(Expert)
30 May 2021
Only deduction on interst can be claimed under section 80E.
CMA Omkar.TIlve
(Querist)
31 May 2021
Thank you so much sir
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