Hi
As we are aware that we can claim deduction for education expense of 2 children under 80c for max of Rs. 100,000. Say I pay an anuual fees of Rs.100,000 for my 2 children. Can i claim the same as deduction in case i have taken a loan of Rs.100,000 to pay for the expenses. Also, can i also claim deduction under 80E for the interest on loan
Hi Punit
As far as Sec 80c Deduction is concern it is available of TUTION FEES only.
Ecen if you have taken a loan.
and yes you can take benefit of Sec 80e of Interest on education loan & not principle
You can take the benefit of tution fees under section 80 c upto a limit of rs 100000.
yes you can also take benefit of deduction under section 80E as interest on laon.
Shaswat initial support private limited
Ahmedabad
CS
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