deductio of 80c from loan amount
This query is : Resolved
Shobhit Gupta
(Querist)
22 March 2009
Can an individual take a deduction u/s 80c of tuition fees paid of his child's full time education (amount being taken on education loan)?
Manmohan ACA, CS
(Expert)
23 March 2009
Yes assessee can claim deduction u/s 80C for tut ion fees paid for his (maximum 2 child's)full time education.
it immaterial that the amount is paid out of taxable income or not.
similarly it is also irrelevant that the amount is arranged by assessee out of his own sources or loan taken,
so he can claim deduction
regards,,,,,,,,,,,,,,,,,,,!
it immaterial that the amount is paid out of taxable income or not.
similarly it is also irrelevant that the amount is arranged by assessee out of his own sources or loan taken,
so he can claim deduction
regards,,,,,,,,,,,,,,,,,,,!
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