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Education loan
My client took education loan 13 lakh where to show this transaction in balance sheet.
Replies (3)
Quick Summary
According to my experience, It should be a personal loan. It's not a business loan. so he has to pay from his pocket
In my opinion this is a personal loan. However he can deduct interest u/s 80e
Under the head of unsecured loan if he or she has not mortgage any thing s against such loan
and if he or she mortgage any things under such loan then secured loan in balance sheet
any he can show it's interest u/s 80 e as an deduction in balance sheet
this is I say for individual person balance sheet if he or she wants to keep a book of Account of their personal income coming and outgoing
and if he or she mortgage any things under such loan then secured loan in balance sheet
any he can show it's interest u/s 80 e as an deduction in balance sheet
this is I say for individual person balance sheet if he or she wants to keep a book of Account of their personal income coming and outgoing
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