During the F.Y. 2017-18, Mr. A took a loan of Rs. 12 lacs from a nationalized bank for paying the course fee of his son, studying in class XI. In F.Y. 2018-19, he had paidRs. 30,000 as interest, in two half yearly installments of Rs. 15000 each. what is the amount of deduction he can claim u/s 80E of I.T. act?
1. 15,000
2. 30,000
3. 1,20,000
4. Nil
Menu
Deduction u/s 80E
Replies (2)
Quick Summary
Answer is Nil
Because Loan is taken for passing class XI exams
Deduction u/s 80 E is available only if Loan is taken for Higher education - It means education after passing class XII
Ok thank you sir
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
