Deductions


Student

Interest paid on loan taken from LIC policy can be allowed as Deduction VIA.
 
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KVO Merau Kutchh

Not always!!

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

 
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Student

Sir , loan taken from LIC is purpose of education and interest paid can be allowed r not??
 
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KVO Merau Kutchh

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

 
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Student

Thank you Sir
 
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KVO Merau Kutchh

Most Welcome

 
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Qualified CS CA Finalist

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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Student

LIC covers under financial institution.
 
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