ICICI

Deductions


Sunil Ahmad (Student)     30 November 2017

Sunil Ahmad
Student 
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Interest paid on loan taken from LIC policy can be allowed as Deduction VIA.

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Dhirajlal Rambhia (KVO Merau Kutchh)     30 November 2017

Dhirajlal Rambhia
KVO Merau Kutchh 
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Not always!!

If utilized for house property etc......... then YES.....

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Sunil Ahmad (Student)     30 November 2017

Sunil Ahmad
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Sir , loan taken from LIC is purpose of education and interest paid can be allowed r not??

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Dhirajlal Rambhia (KVO Merau Kutchh)     30 November 2017

Dhirajlal Rambhia
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Check if it qualifies conditions specified as per section 80E............. Otherwise not.

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Sunil Ahmad (Student)     30 November 2017

Sunil Ahmad
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Thank you Sir

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Dhirajlal Rambhia (KVO Merau Kutchh)     30 November 2017

Dhirajlal Rambhia
KVO Merau Kutchh 
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Most Welcome

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Manjula Moorthy (Qualified CS CA Finalist)     30 November 2017

Manjula Moorthy
Qualified CS CA Finalist 
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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..

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Sunil Ahmad (Student)     30 November 2017

Sunil Ahmad
Student 
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LIC covers under financial institution.


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