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80 G donation limit
as I take loan from 80G trust for education and I paid it regularly... .. weather it qualified ?limit ?
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Please elaborate in details
I had taken education loan from 80G institute which I paid in current F.y ...to what extent ...i get deduction...?limit if the same. ?
You may avail deduction u/s 80E provided such institute is an approved charitable institute (check with them if they are). Deduction can be claimed once repayment starts and can be claimed up to a max of 8 years.
No limit on the max deduction. Entire interest for the year can be claimed as deduction u/s 80E.
There is no portion of interest...so how can avail 80G?
If no interest is paid, no deduction can be availed u/s 80E
Yeah..so..I asked for only 80g
80G deduction is related to contributions/donations made to charitable institutions (not regarding loan from such institutes)
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