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 ??
Menu
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
Recent Threads
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
Related Threads
CAclubindia
