Menu
interest on education loan
I have paid interest on education loan taken by my son ...in which section I can claim deduction and what documents I require for it
Replies (2)
If you have taken education loan and are repaying the same, then interest paid on education loan is allowed as a deduction from the total income u/s 80E.
Documents required
There is no limit on the maximum amount that is allowed as deduction. You need to obtain a certificate from your Bank. Such certificate should segregate the principal and interest portion of the education loan paid by you during the financial year.
Documents required
There is no limit on the maximum amount that is allowed as deduction. You need to obtain a certificate from your Bank. Such certificate should segregate the principal and interest portion of the education loan paid by you during the financial year.
1. You can claim deduction under Section 80 E of Income Tax Act 1961.
2. You need to obtain a certificate from your Bank. Such certificate should segregate the principal and interest portion of the education loan paid by you during the financial year.
3. The deduction for the interest on loan starts from the year in which you start repaying the loan. It is available only for 8 years starting from the year in which you start repaying the loan or until the interest is fully repaid whichever is earlier
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
