Query on 80 E

Tax queries 123 views 6 replies

I am planning to avail education loan for my son and claim 80 E benefits.

My source of income  are only  through the following sources.

1.    Interest on Savings account

2.    Interest on Fixed Deposits

3.    Interest on  54 EC bonds

4.    Short term gain   ( Shares, Mutual funds, debt fund etc , Portfolio Managment system)

5.    Intraday Trading  - Short term gains

6.    Long term term gain  -  (share trading, Mutual funds,  Portfolio management system)

7.     Short term and long term capital gains ( through selling of real estate)

8.     Annuity Retirement  plan

Can I avail the 80 E   benefits against all the above said sources of  income.  ?  Are there any income (listed above) that may not be considered for 80 E ?

Thanks in advance

Replies (6)
Yes you're eligible for 80E deduction on Interest paid on educational loan

Thanks.  That means 80 E deduction on interest paid can be used on all short term gains and long term gains 👍👍

Whether you have any salary income?

Not salaried. I have taken Voluntary retirement.

You may claim deduction u/s 80E if such interest (on education loan) is paid out of taxable income. In the above, except LTCG all others are taxable.

You're eligible for deduction


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