Doubt Regarding Deductions

Dear Deepak,

1) This is something on which law is silent, that doesn't mean that u can claim the deduction bcos by claimimg u will be challenging the most basic evidence of the donation, but personally I feel that if u can validly prove like "the bank statement in which ur donation cheque is debited" then u will get the deduction

2) Regarding 80 E, ur case is not eligible bcos of clear language of the section - "loan taken" as well as "payment" should be by the assessee only.

3) Although keeping above facts in mind ur case is not eligible for 80 E, but anyways the period of 8 years shall be reckoned from the year in which "assesse starts paying interest on laon"

@ Amir

Thnx a lot for d help....but in pt 3 above suppose my wife paid int for 3 yrs and i started paying it from 4th year...for me will it be till the 12th yr or only till 8th year???

the above example about wife n me is not real though!!:P

@ Amir

Thnx a lot for d help....but in pt 3 above suppose my wife paid int for 3 yrs and i started paying it from 4th year...for me will it be till the 12th yr or only till 8th year???

the above example about wife n me is not real though!!:P

Dear Deepak,

I m thinking that how our imagination can go so wild............Ha ha ha :))

Anyways, hard to say, I m only guessing that it could go upto 11 years..(from 4th year if u counts the period of 8 year comples in the 11th  year & not 12th)