if an individual had taken education loan for his son so he will get deduction on interest of loan u/s 80e .
but my question was should he also get deduction for payment of tution fees u/s 80C ??
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regarding 80C and 80E
Replies (12)
yes he will...in my opinion
don't get confused...80E is for claiming interest on education loan and 80c is turion fees
Yes , he will get both .
yes he can avail both 80c and 80e. 80c for tuition fees and 80e interest paid on educational loan
yes both benefits under section 80c as well as 80e are available
No, Benefit u/s 80 C is available only when some capital investment is made in refundable govt aproved scheme.Payment of Tution fee is not a capital investment
capital investment? Mr. bhasker please go through section 80C... there it's clearly mentioned the deduction for tuition fees
bhaskar hi , 80C has a lot of different benefits which inter-alia includes deduction for tution fee..
tution fees for max 2 children is allowed under section 80c
Tuition Fees claim u/s 80C & Interest on Education Loan claim u/s 80E are two different claims under IT act, and both can be claimed simultaneously.
good and nice explanation like it
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