can deduction of interest under section 80E be claimed in Fy 2019-20 for internet paid for last 2-3 years ??
because in earlier years deduction was not claimed.
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Interet on education loan
Replies (3)
Quick Summary
Deduction can be claimed for expenses/investments done in the financial year for which ITR is filed. Thus previous year interest expenses on Education loan can't be taken as exemption under section 80E.
Thanks
Thanks
You can claim ded in FY 19-20 related to 19-20 only. Plz note you can only claim a max of Rs 25000 in a year as deduction and it can be claimed only for 8 years.
Hi
Deduction under section 80E can be claimed for interest pertaining to current FY only . Ypu can claim deduction for max of 8 years there is no limit on amount of deduction .
Hope it helped
Deduction under section 80E can be claimed for interest pertaining to current FY only . Ypu can claim deduction for max of 8 years there is no limit on amount of deduction .
Hope it helped
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