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?
Menu
80E - Education Loan
Replies (9)
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.
What about the principal?
Prinicpal amount is not deductible from assessment year 2006-07
Principal amt will not be deductible
dear ritesh you will get deduction for int only.
kya yaar mere tassali ke liye principal par de diye hote........ jst kiddin .... .well thanx a lot all of u.....
I want to know what are the excemption elements u/s.10 of IT act
No it is not possible to claim the princpal amount as deduction under this section,only intrst can be claimed under this head.
No it is not possible to claim the princpal amount as deduction under this section,only intrst can be claimed under this head.
Recent Threads
Related Threads
CAclubindia
