Education loan

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My client took education loan 13 lakh where to show this transaction in balance sheet.
Replies (3)

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


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