Deductions
Sunil Ahmad (Student) (1511 Points)
30 November 2017
Interest paid on loan taken from LIC policy can be allowed as Deduction VIA.
Sunil Ahmad (Student) (1511 Points)
30 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 30 November 2017
Not always!!
If utilized for house property etc......... then YES.....
Sunil Ahmad
(Student)
(1511 Points)
Replied 30 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 30 November 2017
Check if it qualifies conditions specified as per section 80E............. Otherwise not.
Manjula Moorthy
(Qualified CS CA Finalist)
(209 Points)
Replied 30 November 2017
To claim deduction of Interest on Education Loan, The loan should be taken from Banks/Financial Institution or any approved Charitable Institution. So this should solve your query..
Sunil Ahmad
(Student)
(1511 Points)
Replied 30 November 2017
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