80E deduction of IT act

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5 Points Posted on 05 September 2021
interest on education loan for the FY 2020-21 paid in July 2021, can we claim deduction under 80E while filing IT return of FY 2020-21?
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On 05 September 2021 at 18:26 Report
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This discussion clarifies the eligibility for claiming an 80E deduction under the Income Tax Act for education loan interest. The consensus is that interest paid in July 2021, relating to the Financial Year 2020-21, cannot be claimed as a deduction for that same FY. Instead, the deduction for this interest can be claimed in the subsequent financial year, FY 2021-22.

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132 Points Posted on 05 September 2021
In my opinion,NO since deduction is with respect to interest paid during the year.You can have deduction in f.y.2021-22
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On 05 September 2021 at 19:24
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Chartered Accountant
24588 Points Posted on 05 September 2021
No you cannot claim
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On 05 September 2021 at 19:44
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5 Points Posted on 05 September 2021
Ok thanks
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On 05 September 2021 at 19:52
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Chartered Accountant
24588 Points Posted on 06 September 2021
Your welcome
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On 06 September 2021 at 06:12

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