Hi!
I want to know is there principal & interest part of Education Loan both are exempted? & is there any limit of deduction? under which section it is covered.
plz reply soon
Menu
what is limit of deduction of Education Loan
Replies (4)
There no monetary limit fro education l;oan
There is no limit upto Rs. 1lakhs, as this 80E section is now merged in 80C
principal repayment is not eligible for deduction under sec 80E, Any amount of interest paid is eligible for deduction. max period 8 A.Y.
Also, this deduction is availble obnly for the full time courses
Recent Threads
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
Related Threads
CAclubindia
