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Section 80E
Is interest on interest allowed under section 80E as deduction?
Replies (9)
Deduction in respect of interest on loan taken for higher education is allowed under section 80 E . So if you paid interest on loan taken for higher edcuation in the previous is allowed as deduction .
I am asking if interest on the interest amount for late payment would be allowed u/s 80E
No, not allowed
under section 80 E any interest on loan taken for higher education is allowed and not interest on interest for late payment
under section 80 E any interest on loan taken for higher education is allowed and not interest on interest for late payment
no it is not allowed as deduction
.it is not a interest .since it is a penalty.It is pure finance transaction
.it is not a interest .since it is a penalty.It is pure finance transaction
Further 80E can be claimed by individual himself....
What is maximum limit for this one under 80E ??
Allow as deductions under section 80E - Any amount paid in the previous year only by way of interest on loan taken by him form financial institution for the purpose of pursuing his higher edcution .
what is maximum limit for education loan interest section 80E
their is no maximum limit in case of deduction under 80E
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