sectiom 80E
Priya Kashyap (Student) (7048 Points)
06 April 2019Priya Kashyap (Student) (7048 Points)
06 April 2019
rama krishnan
(12234 Points)
Replied 06 April 2019
montee Idaiyar
(other)
(341 Points)
Replied 07 April 2019
Yes, deduction u/s. 80E is based on the actual payment of interest in the FY. Section 80E provides for tax deduction only on the interest component of an education loan for higher studies. The principal amount cannot be claimed for deduction under this section. Deductions can be claimed from the start of first repayment till 7 more repayments are made, that is, a total of 8 deductions are available with respect to the interest component.
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