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80E - Education Loan

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Corporate Taxation
168 Points Posted on 22 February 2008

Sir,


Actually i was in doubt regarding the fact that do we get deduction u/s 80E for the Interest on Edu Loan or both ( Principal & Int on Edu Loan)? If jst on Int then what is the treatment with the principal loan for Education?

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On 22 February 2008 at 12:37 Report
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C A
7080 Points Posted on 22 February 2008
From Assessment year 2006-07, entire payment of interest is deductible for max. of 8 years or till the interest is paid, which is earlier.
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On 22 February 2008 at 12:42
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Corporate Taxation
168 Points Posted on 22 February 2008
What about the principal?
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On 22 February 2008 at 12:48
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C A
7080 Points Posted on 22 February 2008
Prinicpal amount is not deductible from assessment year 2006-07
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On 22 February 2008 at 12:53
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student
544 Points Posted on 22 February 2008
Principal amt will not be deductible
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On 22 February 2008 at 13:07
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article assitant
147 Points Posted on 22 February 2008
dear ritesh you will get deduction for int only.
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On 22 February 2008 at 13:27
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Guest
460655 Points Posted on 22 February 2008
kya yaar mere tassali ke liye principal par de diye hote........ jst kiddin .... .well thanx a lot all of u.....
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On 22 February 2008 at 13:36
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Guest
460655 Points Posted on 22 February 2008
I want to know what are the excemption elements u/s.10 of IT act
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On 22 February 2008 at 14:01
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Guest
460655 Points Posted on 22 February 2008
No it is not possible to claim the princpal amount as deduction under this section,only intrst can be claimed under this head.
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On 22 February 2008 at 15:09
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Guest
460655 Points Posted on 22 February 2008
No it is not possible to claim the princpal amount as deduction under this section,only intrst can be claimed under this head.
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On 22 February 2008 at 15:10


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